RBI’s Overnight Variable Rate Repo Auction Allots ₹4.75 Billion at 5.51% Cut-off Rate Amid Moderate Demand

The Reserve Bank of India conducted its overnight Variable Rate Repo (VRR) auction with bids worth ₹4.75 billion against a notified amount of ₹500 billion. All bids were allotted at a weighted average cut-off rate of 5.51%, reflecting moderate liquidity demand and effective short-term policy implementation.

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