Banks park ₹79,655 crore in RBI's VRRR auction
pre-market1 source ↓machine-written, see hownot a recommendation
- in the RBI’s
- ₹79,655 crore
- target
- ₹2 trillion
- cut-off rate
- 5.49%
- increased
- 10-year benchmark yield
- increased
- 7.29%
Banks parked ₹79,655 crore in the RBI’s 29-day VRRR auction, falling short of the ₹2 trillion target, with a cut-off rate of 5.49%. Limited participation stems from expectations of upcoming RBI open market operations for longer-term liquidity. The 10-year benchmark yield increased to 7.29%, indicating rising borrowing costs.
Not investment advice. For informational purposes only.