The Reserve Bank of India saw strong demand in its variable rate reverse repo auction. This happened due to surplus liquidity ...

RBI's latest VRRR auction sees strong demand with Rs 1.7 lakh crore in bids; RBI accepts Rs 1 lakh crore at a 5.47% cut-off.

The Reserve Bank of India (RBI) will conduct a 7-day Variable Rate Reverse Repo (VRRR) auction for Rs 1 lakh crore on Friday, ...

The RBI regularly conducts VRRR auctions to manage liquidity in the system and keep short-term interest rates aligned with ...

Banking system liquidity tops ₹4 trillion amid strong VRRR demand, fuelled by government spending and surplus transfer; RBI ...

Currently, the liquidity in the banking system is in surplus of around Rs 4.04 lakh crore as on July 3, as per RBI’s data.

Just last week, the Reserve Bank had removed Rs 84,975 crore from the system through a similar VRRR auction. However, the surplus remained high, prompting another round of liquidity tightening. The ...

The VRRR is announced when the liquidity in the banking system remains more than Rs 2 lakh crore in the banking system and ...

The Indian central bank's decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut ...

Despite RBI's VRRR auction, liquidity surplus rose to its highest in weeks, keeping overnight rates near the SDF rate and ...

Banks on Friday sought to deploy about 1.71 times more money with the Reserve Bank of India than what it was willing to absorb at the 7-day variable rate reverse repo (VRRR) auction.