The Reserve Bank of India (RBI) absorbed 75,026 crore rupees from the banking system through an overnight Variable Rate Reverse Repo (VRRR) auction, amid surplus liquidity. The RBI absorbed the liquidity at a cut-off and weighted average rate of 5.24 per cent… For the full story, visit the source.
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RBI absorbs ₹75,026 crore through overnight VRRR auction amid surplus liquidity
The Reserve Bank of India (RBI) absorbed 75,026 crore rupees from the banking system through an overnight Variable Rate Reverse Repo (VRRR) auction, amid surplus liquidity. The RBI absorbed the liquidity at a cut-off and weighted average rate of 5.24 per cent…
By Capital Market· Business Standard· 10 days ago· 2 min read
This summary is sourced from Business Standard. Read the full article at:Business Standard