rbi updates

RBI’s VRR public sale sees big response once more as banks search for liquidity

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The variable fee repo (VRR) public sale by the Reserve Financial institution of India (RBI) witnessed an amazing response from banks, highlighting the rising demand for liquidity within the banking sector. Banks submitted bids price ₹1,13,915 crore, considerably exceeding the RBI’s supply of ₹50,000 crore. In any respect VRR auctions, barring one, performed by RBI … Read more

Youth have to be geared up with monetary planning abilities: RBI DG Swaminathan

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The concept of monetary planning, budgeting, and saving must be instilled amongst the folks, particularly the children, for making certain monetary self-discipline from an early age, in accordance with Swaminathan J, Deputy Governor, Reserve Financial institution of India. Swaminathan made this statement within the context of a enterprise publication’s latest survey which revealed that fifty … Read more