The central bank received bids worth Rs 3,93,352 crore, for a notified amount of Rs 5 lakh crore. It accepted all bids at a cut-off and weighted average rate of 5.24 per cent

A VRRR auction is a monetary policy tool used by a central bank to absorb excess cash from the banking system. The Reserve Bank of India received Rs 2,59,276 crore bids for 30-day VRRR, as against a notified amount of Rs 7 lakh crore