“Instead of VRRR, they prefer parking excess funds in the RBI’s overnight Standing Deposit Facility,” he added. Banks have given a lukewarm response to the Variable Rate Reverse Repo (VRRR) auctions ...
Banking and NBFC stocks: After the RBI has announced a 7-day VRRR auction of Rs 1 lakh crore, banking and NBFC stocks are trading mixed. So, to maintain the banking system's surplus liquidity at ...
The central bank conducts VRRR auctions to remove surplus liquidity from the banking system. The Reserve Bank of India (RBI) on July 10 said it will conduct a three-day variable rate reverse repo ...
In an indication of excess liquidity, the Reserve Bank of India received bids worth ₹58,525 crore from banks against the notified amount of ₹50,000 crore at the variable rate reverse repo (VRRR) ...
The overnight money market rates rose above the repo rate on Tuesday as a result of RBI’s consistent variable rate reversal repo auctions and tax outflows, said market participants. The weighed ...
The Reserve Bank of India may have to opt to absorb liquidity for just a day using variable rate reverse repo (VRRR) auctions, as bankers remain reluctant to park funds for a longer period of time, ...
https://www.thehindubusinessline.com/money-and-banking/rbi-absorbs-surplus-liquidity-aggregating-44430-crore-through-two-vrrr-auctions/article68251764.ece Copy The ...
The Reserve Bank of India (RBI) on June 24 said that it will conduct Rs 1 lakh crore variable rate reverse repo (VRRR) auction on June 27. “On a review of the current and evolving liquidity conditions ...
The Reserve Bank of India has decided to conduct a seven-day variable rate reverse repo auction on Friday in a move that will drain liquidity from the banking system. The central bank will conduct a ...
The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo ...
The Reserve Bank of India will stop conducting 28-day variable rate reverse repo (VRRR) auctions, considering the current banking system liquidity conditions, but will continue with 14-day VRRR ...
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