PolicyET Techabout 5 hours ago
RBI turns to 30-day VRRR to absorb liquidity
2 min read
The Reserve Bank of India is conducting 30-day VRRR auctions to absorb excess funds from dollar mobilization and forex inflows. The central bank also sold government papers. Analysts expect liquidity to reach fifteen lakh crore rupees. The RBI aims to suck out Rs 7 lakh crore.
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