Finance
Sock JohnsonRBI's ₹1 Trillion Repo Auction: Get Ready to Rumble!
Ladies and gentlemen, the Reserve Bank of India is stepping into the ring on March 23 for a colossal ₹1 lakh crore overnight variable rate repo auction! From 9:30 am to 10:00 am, this financial showdown will keep the banking system pumped with a surplus of ₹16,875.36 crore. Get ready to rumble, because the RBI is here to flex its liquidity muscles!
few days ago | Press Trust of India
Quick rundown
1.RBI to conduct an overnight VRR auction of Rs 1 lakh crore.
2.Auction scheduled for March 23 with reversal on March 24.
3.Current banking system liquidity is in surplus.
4.RBI infused Rs 25,101 crore earlier today.
5.RBI's liquidity actions reflect evolving banking conditions.
