Tag: VRRR Auctions

RBI intensifies liquid drain with dual VRRR auctions

With liquidity continuing to be in surplus in the banking system, the Reserve Bank of India has conducted liquidity mop

The Reserve Bank of India (RBI) on Tuesday absorbed surplus liquidity aggregating ₹44,430 crore through two variable rate reverse repo

With overnight money market rates softening substantially, the Reserve Bank of India (RBI) conducted one-day variable rate reverse repo (VRRR)

The imminent pre-tax inflows are why banks have not taken full measure in the RBI’s variable rate reverse repo (VRRR)