RBI doubles VRR auction amount to ₹1.5 trillion—what's next?

The Reserve Bank of India is shaking things up by doubling the 10-day variable rate repo auction amount to a whopping ₹1.5 trillion! This move comes as they tackle some serious cash flow drama with tax and GST payments looming. They're pulling out all the stops to keep the liquidity flowing smoothly, even if things get a bit tight mid-month.