RBI to Unleash a ₹1.5 Trillion Auction Spell This Wednesday

Finance

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RBI to Unleash a ₹1.5 Trillion Auction Spell This Wednesday

In the magical world of finance, the Reserve Bank of India, a wise wizard of the monetary realm, is preparing to unleash a five-day Variable Rate Repo auction worth a jaw-dropping ₹1.5 trillion this Wednesday. With liquidity sparkling at ₹1.82 trillion, the WACR has waltzed up to 5.21%, just shy of the enchanting 5.25% mark, ensuring that the spells of finance remain in perfect harmony.