RBI Conducts Rs 44430 Crore VRRR Auctions To Absorb Liquidity
The Reserve Bank of India (RBI) recently conducted two significant variable rates reverse repo (VRRR) auctions, collectively amounting to ₹44,430 crore. This strategic move was aimed at absorbing the surplus liquidity from the banking system, ensuring financial stability, and maintaining balanced market conditions. Despite the central bank‘s readiness to absorb up to ₹1-lakh crore, the…