Finance
EnglishRBI's ₹1.5 Trillion Auction: Get Ready for the Action!
The Reserve Bank of India is gearing up for a thrilling five-day auction of ₹1.5 trillion starting Wednesday! With a cozy surplus of ₹1.82 trillion, the call rate nudged up a tad but is still keeping it cool below the repo rate. It's all about keeping those funds flowing smoothly in the banking world!
few days ago | Anjali Kumari
Quick rundown
1.RBI to conduct a Rs 1.5 trillion VRR auction.
2.Net liquidity surplus in the banking system is Rs 1.82 trillion.
3.WACR slightly increased but remains below the repo rate.
4.VRR auctions help manage short-term liquidity with market rates.
5.RBI uses repos to align call rates with the policy repo rate.
