The Reserve Financial institution of India (RBI) obtained bids for drawing funds aggregating ₹1,35,514 crore from banks in opposition to the notified quantity of ₹75,000 crore on the 14-day variable price repo (VRR) public sale amid liquidity tightness within the system. A sign of the liquidity tightness is that the cash market charges on Friday … Read more
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
The Reserve Financial institution of India obtained gives from banks for parking liquidity amounting to ₹1,03,930 crore on the in a single day variable charge reverse repo (VRRR) public sale on Thursday towards the notified quantity of ₹75,000 crore. Additionally learn:RBI to carry POS gamers beneath license regime The banking system had surplus liquidity of … Read more