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 move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the ...

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

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

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

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.

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.

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

The RBI will conduct its first variable rate reverse repo (VRRR) since November 2024 on July 4, aiming to absorb ₹1 lakh ...

RBI absorbs surplus liquidity through VRRR auction, banks place ₹84,975 crore at 5.45% rate, improving transmission of repo ...

The Reserve Bank of India (RBI) conducted a seven-day Variable Rate Reverse Repo (VRRR) auction, absorbing Rs 84,975 crore ...