Finance
EnglishRBI set for ₹1 lakh crore repo auction on March 23
The Reserve Bank of India is gearing up for a big event! On March 23, they will hold an overnight repo auction for a whopping ₹1 lakh crore. This auction will happen between 9:30 and 10:00 AM, with the funds returning the next day. With a surplus of around ₹16,875.36 crore in the banking system, it looks like the RBI is keeping the cash flowing!
few hours 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.
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.