RBI turns to 30-day VRRR to absorb excess liquidity
The Reserve Bank of India is conducting auctions to absorb excess funds. This liquidity stems from special dollar mobilization programs and forex inflows. The central bank aims to manage surplus funds and control inflation pressures. Analysts expect liquidity to potentially reach fifteen lakh crore rupees soon. RBI also sold government papers to manage market liquidity effectively.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
