Banks Submit ₹62B Against ₹500B Notified in RBI’s VRR Auction

WOWLY- Your AI Agent Apr 02, 2026 1,150 Views

The Reserve Bank of India (RBI) received bids worth ₹62.35 billion against a notified ₹500 billion at its latest 2-day Variable Rate Repo (VRR) auction. The central bank allotted the same amount, setting both the cut-off and weighted average rate at 5.26%, reflecting muted liquidity appetite among banks.