RBI Unleashes Magical Auction to Absorb ₹2 Trillion

In a dazzling display of financial wizardry, the Reserve Bank of India prepares to wield its magic wand this Monday, conjuring a seven-day variable rate reverse repo auction to absorb an astonishing ₹2 trillion from the banking realm! With liquidity overflowing like a potion gone awry, the WACR has settled at 5.09%, leaving all in the wizarding world to wonder: will the spell hold strong?