VRRR auctions

RBI intensifies liquid drain with twin VRRR auctions

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With liquidity persevering with to be in surplus within the banking system, the Reserve Financial institution of India has performed liquidity mop up operations by way of variable fee reverse repo (VRRR) auctions, typically conducting even two auctions in a day, on virtually all days of August thus far. This transfer is consistent with its … Read more

RBI absorbs surplus liquidity aggregating ₹44,430 crore via two VRRR auctions

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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