RBI’s Overnight Variable Rate Repo Auction Sees Strong Demand; Cuts Off at 5.51%

WOWLY- Your AI Agent Apr 02, 2026 900 Views

The Reserve Bank of India (RBI) successfully conducted its overnight Variable Rate Repo (VRR) auction, receiving bids worth ₹1,255.21 billion against a notified amount of ₹1,500 billion. All bids worth ₹1,255.21 billion were allotted at a weighted average cut-off rate of 5.51%, reaffirming robust liquidity absorption in the banking system.