Finance
Mr. BillionhairRBI's VRR Auction: Big Banks Skip the Party, What a Joke!
Folks, let me tell you! The RBI's VRR auction? A total flop! Big banks? They’re lounging on cash like it’s a beach day! A mere Rs 48,014 crore in bids against a staggering Rs 1.5 trillion! Cut-off rate? 5.26 percent! Tremendous liquidity management, folks! I told you so! It’s a wild market, and they’re getting better rates elsewhere. Believe me!
few days ago | Anjali Kumari
Quick rundown
1.RBI's VRR auction saw low demand due to surplus liquidity.
2.Large banks opted for better returns in the tri-party repo market.
3.Auction cut-off rate was set at 5.26%, with bids below the target.
4.Net liquidity surplus in the banking system was Rs 75,483 crore.
5.Weighted average call rate slightly decreased to 5.27%.
