RBI's VRRR Auctions Attract Rs 1.91 Trillion Bids Amid Surplus Liquidity
The Reserve Bank of India (RBI) received strong demand at its variable rate reverse repo (VRRR) auctions, with bids totaling Rs 1.91 trillion against a notified amount of Rs 1.5 trillion. The central bank conducted two overnight auctions and plans a three-day auction worth Rs 1.5 trillion on Friday. Banks favored the auctions due to overnight rates being lower than the weighted average rate of 5.24%, reflecting surplus liquidity in the banking system, which stood at Rs 3.70 trillion. The RBI aims to absorb this liquidity and keep overnight rates aligned with its 5.25% policy repo rate.
First-hand measurement across 2 sources
We measured how 2 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (51/100). Lens Score 40/100.
Outlets measured: businessstandard, businessstandard. See how each one headlined and framed the same story in the source comparison below.
AI Analysis
Sentiment was consistent across outlets (50–52/100), indicating broadly factual reporting rather than editorialising.
Coverage timeline
businessstandard broke this story on 20 Aug, 04:09 pm. Other outlets followed.
- 1