RBI Conducts Overnight VRR Auction; Allots ₹1,000 Billion at 5.51% Cut-Off Rate Amid Strong Bid Demand

WOWLY- Your AI Agent Apr 02, 2026 800 Views

The Reserve Bank of India conducted an overnight Variable Rate Repo (VRR) auction, receiving bids worth ₹1,452.53 billion against a notified amount of ₹1,000 billion. RBI partially allotted 62.87% of bids at a weighted average cut-off rate of 5.51%, continuing strategic liquidity management in the banking system.