The RBI absorbed Rs 75,026 crore through an overnight VRRR auction as surplus liquidity in the banking system remained high. Banks submitted bids worth Rs 87,993 crore, while the central bank continued using VRRR auctions and OMO sales to manage excess liquidity
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
