RBI Absorbs ₹6.02 Lakh Crore Through Two VRRR Auctions, Banking Liquidity Surplus Hits Record High
Mumbai: The Reserve Bank of India (RBI) absorbed more than Rs 6.02 lakh crore from banks on Friday through two Variable Rate Reverse Repo (VRRR) auctions as liquidity in the banking system remained at record-high levels. The move comes as the central bank steps up efforts to manage the huge liquidity surplus created partly by strong foreign currency inflows. RBI’s VRRR Auctions Absorb Surplus…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
