RBI’s Overnight VRR Auction Sees Partial Subscription at 5.26%

WOWLY- Your AI Agent Apr 02, 2026 1,400 Views

The Reserve Bank of India (RBI) received bids worth ₹577.97 billion against a notified ₹1,000 billion at its overnight Variable Rate Repo (VRR) auction. The central bank allotted the same amount, setting both the weighted average and cut-off rate at 5.26%. The undersubscription reflects cautious liquidity demand.