RBI Conducts VRRR Auction

  Published 7 months ago

RBI absorbed Rs 23,360 crore via a 3-day VRRR auction at a 5.49% cut-off rate.

  • RBI accepted the entire Rs 23,360 crore offer, fully matching the notified auction amount.
  • The weighted average rate stood at 5.48%, aligning with the policy repo rate objective.
  • VRRR operations help manage surplus liquidity and stabilize short-term money market conditions.

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