RBI Works Its Magic: ₹2.4 Trillion VRRR Auction Fun

The RBI worked its magic on Thursday, pulling in ₹2.4 trillion from banks through its VRRR auction! With bids hitting ₹2.39 trillion at a cool rate of 5.24%, they’re making sure that the ₹7.38 trillion surplus doesn’t lead to a money market party. Plus, they have some Open Market Operations coming up next week to keep everything in check!