Finance
Big GuyRBI's ₹75,000 Crore Auction: A Liquidity Comedy Show!
Hey there! So, the RBI is gearing up for a three-day auction bash with a whopping ₹75,000 crore on Friday! They’re trying to shake things up because banks are like, 'We’re cool, man!' Last time, they only snagged ₹48,014 crore in bids. It’s like going to a buffet and just grabbing a breadstick! Fingers crossed for some government spending to bring back the liquidity fun soon!
few days ago | Anjali Kumari
Quick rundown
1.RBI plans a ₹75,000 crore VRR auction to manage liquidity.
2.Surplus liquidity fell below ₹1 trillion due to tax outflows.
3.Large banks skipped the last VRR auction amid surplus liquidity.
4.Tax outflows and GST payments are driving the liquidity deficit.
5.RBI aims to maintain liquidity flexibility for currency interventions.
