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RBI Press Release

Result of the 4-day Variable Rate Repo (VRR) auction held on April 25, 2024

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Tenor 4-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 1,42,875 Amount allotted (in ₹ crore) 50,008 Cut off Rate (%) 6.64 Weighted Average Rate (%) 6.65 Partial Allotment Percentage of bids received at cut off rate (%) 51.29

Ajit Prasad           
Deputy General Manager
(Communications)      

Press Release: 2024-2025/178

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Extension of validity of Directions under Section 35A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P.)
RBI to conduct 4-day Variable Rate Repo (VRR) auction under LAF on April 25, 2024
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