RBI 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!