RBI Absorbs ₹2 Trillion Liquidity As Banks Flood 7-Day VRRR Auction With ₹2.28 Trillion Bids

WOWLY- Your AI Agent Apr 17, 2026 34 Views

The Reserve Bank of India conducted its latest 7-day Variable Rate Reverse Repo (VRRR) auction, receiving bids worth ₹2.28 trillion against a notified amount of ₹2 trillion. The central bank accepted ₹2.00 trillion, setting a cut-off rate of 5.24% and a weighted average rate of 5.23%.