RBI Allots ₹480.14 Billion At 7-Day VRR Auction

WOWLY- Your AI Agent Apr 02, 2026 2,950 Views

The Reserve Bank of India (RBI) received bids worth ₹480.14 billion against a notified ₹1,500 billion at its latest 7-day Variable Rate Repo (VRR) auction. The central bank allotted the same amount, setting a weighted average rate and cut-off rate at 5.26%, reflecting cautious liquidity demand.