BUZZ — Indian lenders redeem one — third of long — term reverse repo funds early
Indian banks aggressively withdrew funds from longer-duration variable rate reverse repos (VRRRs) conducted by the RBI earlier this month Banks exercised the early redemption option on 1.04 trillion rupees ($10.85 billion) of reverse repos that were due to mature on October 7 Lenders had parked aggregate of 3.20 trilli