RBI absorbs ₹3.93 lakh cr from banking system via VRRR auction
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5 Articles
The Variable Rate Reverse Repo (VRRR) auction initiated by the Reserve Bank of India (RBI) amid excess liquidity in the banking system received bids worth ₹3.93 lakh crore. Bids received for ₹3.93 lakh crore According to a statement issued by the RBI, the central bank received bids worth ₹3.93 lakh crore against the notified amount of ₹5 lakh crore and accepted all bids at a cut-off and weighted average rate of 5.24 percent. The RBI has been co…
RBI | RBI has once again stepped in to control the excess liquidity accumulated in the banking system. The RBI withdrew Rs. 3,93,352 crore through the latest 'Variable Rate Reverse Repo (VRRR)' auction. The aim of these measures is to reduce excess funds in the banking system and keep money market rates in line with the repo rate.
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India News AustraliaRBI receives Rs 3.93 lakh crore bids in VRRR auction
Digital Desk | Mumbai, Sep 15 (IANS) The Reserve Bank of India on Tuesday absorbed Rs 3,93,352 crore through a variable rate reverse repo (VRRR) auction amid surplus liquidity in the banking system. The central bank received bids worth Rs 3,93,352 crore against a notified amount of Rs 5 lakh crore and accepted all the bids at a cut-off and weighted average rate of 5.24 per cent, according to an RBI release. The RBI has been conducting VRRR au…
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