The Reserve Bank of India will conduct a Rs 1 lakh crore variable rate repo auction on June 19. This move aims to manage liquidity in the banking system. The auction will help keep overnight money market rates stable. This follows recent liquidity infusions by the central bank. The RBI is actively managing funds to ensure smooth financial operations.
The Reserve Bank of India will conduct a Rs 1 lakh crore variable rate repo (VRR) auction on June 19. This initiative is designed to effectively manage liquidity within the banking system and ensure stability in overnight money market rates. The action aligns with RBI's ongoing…
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