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RBI to conduct 30-day VRRR auction on Sept 7 to suck out ₹7 lakh cr surplus with banks
The Reserve Bank of India has decided to conduct a 30-day variable rate reverse repo (VRRR) auction on September 7 to suck out ₹7 lakh crore surplus liquidity from the banking system. This comes in the backdrop of the banking system being awash with liquidity
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thehindubusinessline.com
Robust inflows into FCNR (B) deposits: Banking system liquidity surplus at ₹6.65 lakh cr
RBI conducts VRRR auctions to manage ₹6.65 lakh crore liquidity surplus from robust FCNR (B) deposit inflows.
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m.economictimes.com
India's banking system liquidity surplus hits over 4.5-year high at Rs 7.76 lakh crore
India's banking system liquidity surplus has reached its highest point in over four years. This surge is attributed to record forex-inflow programs, easing short-term interest…
