RBI to conduct Rs 1.50 lakh crore 10-day VRRR auction
RBI said it will run a 10-day variable rate reverse repo (VRRR) auction for a notified Rs 1.50 lakh crore to remove excess surplus liquidity in India’s banking system.
50 lakh crore to drain excess surplus liquidity in the banking system. “On a review of current and evolving liquidity conditions, it has been decided to…”