FinanceBusiness StandardEnglishQuick rundownQuick rundown1.RBI absorbs ₹6.02 trillion through VRRR auctions.2.Surplus liquidity in India hits record high.3.FCNR(B) deposits mobilize $127.23 billion.4.Short-term money market rates drop to 4.93%.5.RBI conducts 32 VRRR auctions to manage liquidity.Make it more Fun!!Home,/Finance,/English,/RBI Snags ₹6.02 Trillion in a Liquidity ExtravaganzaRBI Snags ₹6.02 Trillion in a Liquidity ExtravaganzaThe RBI just snagged a jaw-dropping ₹6.02 trillion from banks in two VRRR auctions! This liquidity extravaganza happened because banks are swimming in cash. With money rates dropping, everyone’s happy in this banking fiesta!111611
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