Banking and RBI
RBI sets WMA limit of Rs 50,000 crore for Government of India for October 2026 to March 2027
25 September 2026 | Reserve Bank of India
The RBI, in consultation with the Government of India, decided on 25 September 2026 that the Ways and Means Advances (WMA) limit for the second half of FY 2026-27 (October 2026 to March 2027) will be Rs 50,000 crore.
The RBI may trigger fresh floatation of market loans when the Government utilises 75 per cent of the WMA limit. The interest rate on WMA is the Repo Rate, and on Overdraft it is two percentage points above the Repo Rate.
Key facts- WMA limit: Rs 50,000 crore
- Period: October 2026 to March 2027
- Fresh loans may be triggered at: 75 per cent utilisation
- Overdraft rate: Repo Rate plus 2 percentage points
Exam takeaway: WMA is a short-term RBI facility for temporary mismatches in Government receipts and payments.
Quick revision: RBI WMA limit (25 September 2026).
Reserve Bank of India original sourceBanking and RBI
RBI 3-day VRRR auction of 25 September 2026: result
25 September 2026 | Reserve Bank of India
The RBI's result for the 3-day Variable Rate Reverse Repo (VRRR) auction held on 25 September 2026 showed a notified amount of Rs 1,50,000 crore, with offers of Rs 90,280 crore all accepted.
The cut-off rate and the weighted average rate were both 5.24 per cent.
Key facts- Auction date: 25 September 2026
- Tenor: 3-day
- Notified amount: Rs 1,50,000 crore
- Accepted: Rs 90,280 crore
Exam takeaway: This was a 3-day auction, unlike the overnight auctions earlier in the week.
Quick revision: RBI 3-day VRRR result (25 September 2026).
Reserve Bank of India original sourceEconomy and Finance
Government's H2 FY 2026-27 market borrowing plan: Rs 7,86,000 crore
25 September 2026 | Press Information Bureau
PIB said the Government of India, in consultation with the RBI, decided on 25 September 2026 to borrow Rs 7,86,000 crore in the second half (H2) of FY 2026-27, including Sovereign Green Bonds issuance of Rs 15,000 crore. The borrowing is to be completed through 23 weekly auctions.
For FY 2026-27 as a whole, market borrowing through dated securities is expected at Rs 15,99,506 crore against Budget Estimates of Rs 17,20,000 crore. The 10-year tenor has the largest share at 26.3 per cent, and the Government retains a greenshoe option of up to Rs 2,000 crore per security.
Key facts- H2 FY 2026-27 borrowing: Rs 7,86,000 crore
- Sovereign Green Bonds: Rs 15,000 crore
- Weekly auctions: 23
- Largest share: 10-year at 26.3 per cent
Exam takeaway: A greenshoe option lets the issuer retain extra subscription beyond the notified amount.
Quick revision: H2 borrowing plan (PIB, 25 September 2026).
Press Information Bureau original source