RBI to conduct Rs 25,000-cr overnight VRR auction on Jan 30
Mon, Jan 29, 2024 3:51 PM

RBI to conduct Rs 25,000-cr overnight VRR auction on Jan 30

A Flip by Shubhangi Gupta
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The RBI has announced a Rs 25,000 crore variable rate repo auction on January 30 to address the current liquidity deficit of around Rs 2.59 lakh crore in the banking system. This follows several previous auctions and responses from banks have been high but the central bank has only accepted bids close to the announced amount. On January 29, a two-day VRR auction was conducted.

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