The Reserve Bank of India (RBI) received ₹1,62,354 crore in bids for a one-day repo auction on Oct. 22, more than three times its ₹50,000 crore offer.
The central bank allotted ₹50,006 crore. Its results listed a cutoff rate of 5.54%, a weighted average rate of 5.55% and a 3.2% partial-allotment percentage for bids received at the cutoff rate.
RBI figures for Oct. 21 showed ₹93,241 crore in bids and ₹50,007 crore allotted against the same ₹50,000 crore offer. EconoTimes previously covered that auction.
