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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.
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ABP News on MSNRBI Mops Up Rs 1 Lakh Crore Via VRRR Auction To Tame Surplus LiquidityThe move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the ...
Banking system liquidity tops ₹4 trillion amid strong VRRR demand, fuelled by government spending and surplus transfer; RBI ...
Despite RBI's VRRR auction, liquidity surplus rose to its highest in weeks, keeping overnight rates near the SDF rate and ...
The Reserve Bank of India-RBI has removed 1,00,010 crore rupees from the banking system through the seven-day variable rate reverse repo (VRRR) auction held today. RBI in a release said that it had ...
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 ...
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.
The Indian central bank's decision to withdraw surplus liquidity from the banking system just weeks after a large rate cut ...
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.
The Reserve Bank of India (RBI) conducted a seven-day Variable Rate Reverse Repo (VRRR) auction, absorbing Rs 84,975 crore ...
The VRRR is announced when the liquidity in the banking system remains more than Rs 2 lakh crore in the banking system and ...
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