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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.
India’s central bank said it will run an overnight variable rate reverse repo (VRRR) for 5 trillion rupees after technical glitches at a longer-term auction depressed participation, according to five traders.