The Reserve Bank of India (RBI) conducted a ₹2 trillion variable rate reverse repo (VRRR) auction, witnessing strong participation from banks amid surplus liquidity conditions in the system. According to RBI data, the auction received bids worth ₹2.28 trillion, exceeding the notified amount of ₹2 trillion, indicating robust demand from banks to park excess funds … Continue reading RBI Mops Up ₹2 Trillion via VRRR Auction as Banks Park Excess Liquidity