RBI’s 8-Day VRR Auction Sees Tepid Demand: Bids Worth ₹265.35 Billion Against ₹500 Billion Notified

The Reserve Bank of India’s latest 8-day Variable Rate Repo (VRR) auction drew bids worth ₹265.35 billion, significantly lower than the notified ₹500 billion. The RBI allotted the same amount at a weighted average rate of 5.26%, with the cut-off rate also set at 5.26%, reflecting cautious liquidity demand.

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