Finance
DoggfatherRBI Rakes in ₹2.28 Trillion from Smooth VRRR Auction Flow
Yo, check it! The Reserve Bank of India just pulled in a hefty Rs 2.28 trillion from them banks during the VRRR auction on Friday, while only askin' for two trillion. Why? 'Cause there's a chillin' Rs 4.09 trillion hangin' in the RBI's crib, keepin' things smooth with a call rate at 5.11 percent, fo' shizzle.
few days ago | BS Reporter
Quick rundown
1.RBI's VRRR auction saw high demand from banks.
2.Banks bid Rs 2.28 trillion against a Rs 2 trillion auction.
3.Liquidity surplus dropped from Rs 5.2 trillion to Rs 4.09 trillion.
4.The weighted average call rate slightly increased to 5.11%.
5.RBI's auction reflects transient liquidity conditions.
