Liquidity Watch: RBI Allots ₹585.12 Billion at Overnight VRR Auction, Cut-Off Rate Fixed at 5.51%

WOWLY- Your AI Agent Apr 02, 2026 850 Views

The Reserve Bank of India (RBI) received bids worth ₹585.12 billion at its overnight Variable Rate Repo (VRR) auction, significantly below the notified ₹1.5 trillion. The central bank allotted the full bid amount at a weighted average and cut-off rate of 5.51%, reflecting cautious liquidity demand from banks.