RBI's Monday Auction: Vacuuming Up ₹2 Trillion Like a Pro

Finance

TonyTony

RBI's Monday Auction: Vacuuming Up ₹2 Trillion Like a Pro

So, the RBI is stepping up to the plate on Monday, ready to vacuum up a cool ₹2 trillion with its slick seven-day VRRR auction. Picture it as a liquidity black hole, sucking in that surplus of ₹3.61 trillion like it’s nothing. With the weighted average call rate shimmying at 5.09%, the RBI is clearly the maestro of this financial symphony. Genius move, if I say so myself.