RBI absorbs Rs 6.02 lakh crore via two VRRR auctions
RBI absorbed over Rs 6.02 lakh crore from the banking system via two variable rate reverse repo (VRRR) auctions, after surplus liquidity stayed at a record high.
The Reserve Bank of India (RBI) on Friday absorbed over Rs 6.02 lakh crore from the banking system through two variable rate reverse repo (VRRR) auctions as surplus liquidity remained at a record high.The central bank received and accepted bids worth Rs 5,41,975 crore in a three-day VRRR auction ag…