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.