RBI’s 3-Day VRRR Auction Draws Tepid Response—Liquidity Surplus Keeps Rates in Check

Unknown Apr 02, 2026 950 Views

The Reserve Bank of India (RBI) accepted bids worth Rs 574.50 billion at its threeday Variable Rate Reverse Repo (VRRR) auction held on July 15, 2025. The auction was aimed at absorbing excess liquidity from the banking system, but drew bids well below the notified amount of Rs 1 trillion, reflec...