Tag: VRRR auction

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RBI Holds Variable Rate Reverse Repo Auction to Manage Liquidity

The Reserve Bank of India will conduct a four-day VRRR auction to withdraw excess liquidity from the banking system. This comes after the recent 14-day auction received a muted response from banks due to heavy expected outflows. The RBI Governor has indicated flexibility to meet the economy's needs, and experts predict no repo rate changes at the upcoming MPC meeting.

Indian Central Bank to Conduct 4-Day VRRR Auction worth INR 1 Trillion on June 5

RBI to hold a INR 1 trillion variable rate reverse repo auction for four days. Banks are hesitant to participate in the longer tenor VRRR auction amid fears of mismatches in their books. India's banking system has a liquidity surplus, keeping overnight rates low. Stay tuned for more updates.

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Indian Central Bank to Conduct 4-Day VRRR Auction worth INR 1 Trillion on June 5

RBI to hold a INR 1 trillion variable rate reverse repo auction for four days. Banks are hesitant to participate in the longer tenor VRRR auction amid fears of mismatches in their books. India's banking system has a liquidity surplus, keeping overnight rates low. Stay tuned for more updates.

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