The RBI will conduct a 30-day variable-rate reverse repo auction for Rs 7 lakh crore as surplus liquidity in India's banking system reaches record levels. The move follows strong foreign-currency inflows and aims to contain excess cash without disrupting financial markets
The RBI injected Rs 1.41 lakh crore into the banking system through a seven-day VRR auction to ease liquidity deficit caused by GST outflows. The move aims to stabilise short-term money market rates and ensure smooth credit flow
