Bid amount exceeds RBI offer for 1st time in daily VRR auction

(0)
News

On Wednesday, the Reserve Bank of India (RBI) received bids worth Rs 1.72 lakh crore, 38% higher than the notified amount of Rs 1.25 lakh crore, in the daily Variable Rate Repo (VRR) auction. The surge in bids was driven by higher GST outflows and liquidity pressures. The RBI will inject Rs 1.25 lakh crore on Thursday.

Leave a Reply Cancel reply

Study abroad: Is Germany better than US for Indian students? Tuition fees and living costs compared
Germany offers a good combination of affordable education (low or no tuition fees at many top-ranked public universities), scholarships, high-skilled job opportunities after course completion, and a path to residency.
Elon Musk's SpaceX and the vision of off-planet industrialization
Dhirendra Kumar reflects on a compelling conversation with a friend about the future of space mining and manufacturing, suggesting potential shifts in industry that could change life on Earth. For once, he's not telling you to ignore the news.
Gold loans surge in India: Average ticket size jumps 39% YoY to ₹1.96 lakh
Gold loans in India are booming as rising gold prices drive bigger borrowings. Average ticket size jumped 39% YoY to ₹1.96 lakh in FY26, doubling in three years. The portfolio has surged nationwide, reflecting stronger demand and deeper financial inclusion.
Tesla, SpaceX fall from record highs, Elon Musk lose trillionaire status: Profit-booking or re-rating of AI pricing?
Tesla and SpaceX have both seen significant declines, impacting Elon Musk's net worth and triggering investor panic. CEO Viram Shah discusses if this is profit-booking or a deeper market re-rating, advising Indian retail investors to assess their positions and remain cautious amid volatility.
Starting PPF for your children? Here's how much wealth ₹5,000 per month will build for their future over the long term
Attention parents! Want to start a public provident fund account for your child? Here's how much wealth consistent PPF investment of ₹5,000 per month will build for their future over the longer term.
EPF-2026 rules: Will your take-home salary increase under the new ₹1,800 PF contribution cap?
Under the new EPF Scheme, 2026, introduced by the Centre, both employee and employer must contribute ₹1,800 monthly. This change may increase take-home salaries for higher earners but could decrease long-term retirement funds. 
Life Insurance Corporation: How to pay LIC premium online and through app — Top FAQs answered
Life Insurance Corporation: For policyholders who choose either annual, bi-yearly, quarterly or monthly basis, here's how you can pay your LIC premium online through app. We also take a look at the top FAQs answered.
$212M FIFA World Cup boom: How Airbnb women hosts are earning thousands by opening homes to football fans
The 2026 FIFA World Cup is aiding women hosts in North America to earn from tourism by renting their homes. Many see it as a vital income source amid rising financial pressures, allowing them to cover expenses and invest in personal ventures.
Income-tax returns: Here's how to access, file and submit your ITR-1 form using the official e-filing portal
Income-tax returns: Here's how to access and submit your ITR-1 form using the official e-filing portal
Want to retire early? Achieving FIRE strategy ‘never been easier’ says this investor — We explore the opportunities
Grant Sabatier, author of ‘Financial Freedom’, asserts achieving FIRE is increasingly feasible, despite current challenges like inflation and housing costs. For those wanting to retire early, we explore the opportunities…

Bid amount exceeds RBI offer for 1st time in daily VRR auction

Leave a Comment

Leave a Reply Cancel reply