An extensive cloud band is expected to bring up to 75 millimetres of rain to parts of north-east Victoria and southern New South Wales today.
The most significant falls are forecast for river catchments, east of Albury.
Overnight, 52mm was recorded at Walwa, 47mm at Falls Creek, 36mm at Mount Hotham, 27mm at Tawonga and 18mm in the Tallangatta Valley.
Weather bureau forecaster Stephen King says the rain should clear before the weekend and is not likely to cause serious flooding.
"It does take a little while to go through," he said.
"It will probably be around for most of Wednesday and even Thursday morning but should clear at some point on Thursday."
© ABC 2012
15:35 EST Thousands have visited a small outback Queensland town to witness Australia's toughest sprint triathlon, with the winner taking out his fifth win in a row.