Monetary Stability in Focus: RBI’s Overnight Repo Auction Clears at Weighted Average 5.26%

RBI’s overnight VRR auction received ₹571.75 billion bids versus ₹750 billion notified, with allotments matching bid size. The cut-off and weighted average rate stood at 5.26%, reflecting stable liquidity conditions. The undersubscription signals comfortable banking liquidity, while RBI continues fine-tuning short-term funding to maintain monetary stability.

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