RBI Absorbs ₹44,430 Crore Through VRRR Auctions
The Reserve Bank of India (RBI) conducted two variable rate reverse repo (VRRR) auctions totaling ₹44,430 crore, aiming to absorb surplus liquidity from the banking system. Despite the central bank’s readiness to absorb up to ₹1-lakh crore, banks utilized only a portion of the available amount. VRRR Auction Details In the first auction, banks deployed …
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