RBI to run overnight variable rate reverse repo after auction glitch
Reserve Bank of India will conduct an overnight variable rate reverse repo (VRRR) for Rs 5 lakh crore ($52.96 billion) after technical glitches at a longer-term auction depressed participation, traders said.
The Reserve Bank of India announced another cash-withdrawal operation on Monday after technical glitches at a longer-term auction reduced participation, five traders said. 96 billion), after recei…