Finance
EnglishRBI Set to Inject ₹75,000 Crore in Three-Day VRR Auction
The Reserve Bank of India is gearing up to inject a staggering ₹75,000 crore through a three-day VRR auction starting Friday! Last time, banks barely showed up, with bids of just ₹48,014 crore for ₹1.5 trillion. With tax outflows draining cash faster than expected, liquidity is tightening. But don’t fret, spending at the end of the month should ease things up!
few hours ago | Anjali Kumari
Quick rundown
1.RBI plans a ₹75,000 crore VRR auction to manage liquidity.
2.Surplus liquidity fell below ₹1 trillion due to tax outflows.
3.Large banks skipped the last VRR auction amid surplus liquidity.
4.Tax outflows and GST payments are driving the liquidity deficit.
5.RBI aims to maintain liquidity flexibility for currency interventions.
Quick rundown
1.RBI plans a ₹75,000 crore VRR auction to manage liquidity.
2.Surplus liquidity fell below ₹1 trillion due to tax outflows.
3.Large banks skipped the last VRR auction amid surplus liquidity.
4.Tax outflows and GST payments are driving the liquidity deficit.
5.RBI aims to maintain liquidity flexibility for currency interventions.