RBI Conducts 4-Day Variable Rate Reverse Repo Auction, Accepts Rs 569.35 Billion at 5.49% Cut-Off Rate

The Reserve Bank of India (RBI) completed a 4-day Variable Rate Reverse Repo (VRRR) auction accepting bids worth Rs 569.35 billion against the notified Rs 750 billion. The weighted average and cut-off rate settled at 5.49%, reflecting RBI's ongoing liquidity management to maintain rate stability amid evolving market conditions.

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