What changed
The RBI conducted the second 2-day Variable Rate Repo auction, allotting ₹22,284 crore at a weighted average rate of 5.26%. The notified amount was ₹50,000 crore.
What it means for you
The RBI conducted a 2-day Variable Rate Repo auction to inject liquidity into the banking system, with a notified amount of ₹50,000 crore and a weighted average rate of 5.26%.
What you must do
- Monitor market rates and adjust lending strategies accordingly
Who it affects
Banks and Non-Banking Financial Companies (NBFCs)
What is the Variable Rate Repo auction?
The Variable Rate Repo auction is a mechanism to inject liquidity into the system and manage market rates.
What is the notified amount for the auction?
The notified amount for the auction is ₹50,000 crore.
What is the weighted average rate for the auction?
The weighted average rate for the auction is 5.26%.