North India Statesman
The Reserve Bank of India (RBI) absorbed ₹75,026 crore from the domestic banking system through an overnight Variable Rate Reverse Repo (VRRR) auction to manage elevated surplus liquidity and keep short-term money market rates closely aligned with the benchmark policy repo rate. The operation witnessed heavy participation from commercial lenders …
Read More »RBI Absorbs ₹75,026 Crore via Overnight VRRR Auction to Drain Persistent Banking System Surplus
