RBI's Rs 50,000 crore VRRR faces muted response from market

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The Economic Times daily newspaper is available online now. Read Today's Paper RBI's Rs 50,000 crore VRRR faces muted response from marketET BureauLast Updated: Nov 04, 2026, 06:58:00 AM ISTSynopsis

The Reserve Bank of India announced a variable rate reverse repo operation of ₹50,000 crore. This decision came after the banking system liquidity reached nearly ₹2 lakh crore on Monday. Banks opted to bid ₹23,905 crore, reflecting an asymmetry in the banking system's surplus. The weighted average call rate decreased to 5.45% from 5.50% on Monday. Another VRRR operation of ₹50,000 crore is scheduled for Wednesday.

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Loading...×Mumbai: The RBI announced a liquidity draining variable rate reverse repo (VRRR) operation of ₹50,000 crore after banking system liquidity was at nearly ₹2 lakh crore on Monday. Banks, however, bid ₹23,905 crore as there's an asymmetry in the banking system surplus.

Read more: Bata India Q2 Results: Profit rises 30% at Rs 18 crore, revenue rises to Rs 862 crore

The weighted average call rate was at 5.45% on Tuesday, versus 5.50% on Monday. The RBI will conduct another VRRR of ₹50,000 crore on Wednesday.

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