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Banks Partially Roll Over Maturing VRRR Amount
Business Standard
|August 09, 2025
This comes as overnight WACR breaches the repo rate
The Reserve Bank of India (RBI) received bids worth ₹1.59 trillion against the notified amount of ₹3 trillion in its variable rate reverse repo (VRRR) auctions on Friday, as the overnight weighted average call rate (WACR) rose above the repo rate to 5.6 per cent. The central bank accepted the amount at a cut-off rate of 5.49 per cent.
On Friday, the RBI conducted two VRRR auctions, one for six-day tenure and another for three-day tenure, to withdraw a total of ₹3 trillion from the banking system.
This story is from the August 09, 2025 edition of Business Standard.
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