Skip to content
The Mumbai

RBI Steps In To Tackle Surplus Liquidity, Absorbs ₹2.90 Lakh Crore Via Two VRRR Auctions

RBI Steps In To Tackle Surplus Liquidity, Absorbs ₹2.90 Lakh Crore Via Two VRRR Auctions
Photo: Free Press Journal · view original

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 a...

Sources and story details