Business News

RBI announces 26-day VRRR auction to absorb Rs 5 lakh crore surplus liquidity

FinSiddhi

The Reserve Bank of India plans a significant 26-day auction this Friday, targeting the withdrawal of Rs 5 lakh crore from the inter-bank market. This extended operation aims to manage persistent liquidity by giving participants the chance to reclaim lent amounts. This proactive measure is a direct response to the surplus liquidity caused by foreign investments.
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