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RBI Steps Up Liquidity Management, Absorbs ₹2.23 Lakh Crore Through VRRR Auction

RBI Steps Up Liquidity Management, Absorbs ₹2.23 Lakh Crore Through VRRR Auction
Photo: Free Press Journal · view original

Mumbai: The Reserve Bank of India absorbed ₹2.23 lakh crore from the banking system through a variable rate reverse repo auction as it continued efforts to manage high surplus liquidity. Banks submitted bids worth ₹2,22,629 crore against the notified auction amount of ₹2.25 lakh crore. The centra...

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