RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr

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RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr - Business Standard

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The RBI’s Monetary Policy Committee had cut the repo rate by 25 basis points and changed the stance to accommodative from neutral.

The Reserve Bank of India’s (RBI) 43-day variable rate repo (VRR) auction saw tepid demand from investors, receiving bids worth ₹25,431 crore against the notified amount of ₹1.5 trillion.