RBI Steps In To Tackle Surplus Liquidity, Absorbs ₹2.90 Lakh Crore Via Two VRRR Auctions
Mumbai: The Reserve Bank of India absorbed nearly ₹2.90 lakh crore from the banking system through two variable rate reverse repo auctions on Wednesday as surplus liquidity remained exceptionally high. The RBI has been conducting VRRR auctions regularly since last month to withdraw excess funds and bring overnight money market rates closer to the policy repo rate. Strong Demand In First VRRR…
We haven't written up this one. Free Press Journal has the full story — the link below goes straight to it.
