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RBI Absorbs Over ₹6 Lakh Crore, Banks Favour Overnight Liquidity Window

RBI Absorbs Over ₹6 Lakh Crore, Banks Favour Overnight Liquidity Window
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India (RBI) absorbed over Rs 6 lakh crore of surplus banking funds through two variable rate reverse repo (VRRR) auctions. The 30-day auction received bids of Rs 2.59 lakh crore against the notified Rs 7 lakh crore, reflecting a weak response. The central bank subseque...

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