RBI absorbs surplus liquidity aggregating ₹44,430 crore via two VRRR auctions
The Reserve Financial institution of India (RBI) on Tuesday absorbed surplus liquidity aggregating ₹44,430 crore via two variable fee reverse repo (VRRR) auctions of three days tenor. The aforementioned quantity was deployed by banks even because the central financial institution was prepared to soak up a complete of ₹1-lakh crore (notified quantity). On the first … Read more