RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidity
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RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidity
The Reserve Bank of India plans a significant 26-day auction this Friday, targeting the withdrawal of Rs 5 lakh crore from the inter-bank market. This extended operation aims to manage persistent liquidity by giving participants the chance to reclaim lent amounts. This proactive measure is a direct response to the surplus liquidity caused by foreign investments.
RBI Conducts ₹5 Lakh Crore VRRR Auction; Banks Park ₹60,449 Crore With Central Bank
The Reserve Bank of India (RBI) on Friday conducted a Variable Rate Reverse Repo (VRRR) auction as part of its ongoing liquidity management operations, with banks placing offers worth ₹60,449 crore against the central bank's notified amount of ₹5 lakh crore. The post RBI Conducts ₹5 Lakh Crore VRRR Auction; Banks Park ₹60,449 Crore With Central Bank appeared first on tennews.in: National News Portal.
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