RBI VRRR Auction: ₹7 Lakh Crore on Offer, But Banks Bid Only ₹2.59 Lakh Crore—Why?
The Reserve Bank of India's 30-day Variable Rate Reverse Repo (VRRR) auction received a relatively weak response from banks, despite substantial surplus liquidity in the banking system.
Against the notified amount of ₹7 lakh crore, banks submitted bids worth only ₹2,59,276 crore. The RBI accepted the bids at a cut-off and weighted-average rate of 5.24%, according to the central bank's notification.
The limited participation comes at a time when the banking system is estimat
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Three-year-old Rishikesh’s life was rudely cut short due to an Open Manhole in Mira Bhayandar
Three-year-old Rishikesh’s life was
rudely cut short due to an Open Manhole in
Mira Bhayandar
By PDBHATIA(Mira-Bhayander) Thane , Maharashtra
“A
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Your Wounds
Time doesn’t heal wounds
to make you forget.
It doesn’t heal wounds to
erase the memories.
Time leaves you with a scar
to remind you of how you fought through it.
Time leaves you with a scar
to remind you of how you bled
and how you survived.
You survived.
RBI VRRR Auction: ₹7 Lakh Crore on Offer, But Banks Bid Only ₹2.59 Lakh Crore—Why? - Sep 07,2026
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Gold-Silver Price Today: Gold Falls ₹2,409, Silver ₹3,967 Cheaper; Check 10 Gram Gold and 1 Kg Silver Rates - Sep 07,2026
Gold and silver prices witnessed a sharp decline on Monday, September 7, giving some relief to buyers after the recent rally in precious metals. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold has fallen by ₹2,409 to around ₹1.52 lakh per 10 grams, while silver has declined by ₹3,967 to approximately ₹2.31 lakh per kilogram, based on the rates cited in the report. Gold and silver rates can vary across cities and between bullion benchmarks and retail jewellery markets. IBJA's benchmark rates are quoted without 3% GST and making charges. Gold and Silver Prices Fall Today On the previous trading day, Friday, gold was around ₹1.55 lakh per 10 grams, while silver was around ₹2.35 lakh per kilogram, according to the figures cited in the report. The decline comes am