India, March 20 -- The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on March 20, 2026, to manage short-term liquidity conditions.
Against a notified amount of Rs 75,000 crore, the central bank received bids worth Rs 25,101 crore, all of which were accepted.
The auction saw a cut-off rate of 5.26%, with the weighted average rate also at 5.26%. No partial allotment was required as the entire bid amount was accommodated.
The lower subscription indicates relatively comfortable liquidity conditions in the banking system.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....