RBI announces Rs.5 trillion overnight VRRR liquidity withdrawal
The Reserve Bank of India announced an overnight variable rate reverse repo (VRRR) auction on 7 September worth Rs.5 trillion, following weak participation in a longer auction to withdraw Rs.7 trillion.
New Delhi, Sept. 7 -- The Reserve Bank of India (RBI) has announced another liquidity withdrawal operation on 7 September. 5 trillion. 7 trillion…