RBI to conduct Rs 1.25 lakh-crore VRRR

Reserve Bank of India will conduct a variable rate reverse repo operation on Friday. The aim is to absorb ₹1.25 lakh crore from the market. This follows a recent injection of ₹50,000 crore into the banking system through a two-day variable rate re...

ANI

The two day VRR operation was over-subscribed amid a temporary shortage of funds, which pushed call rates to 5.73% on Wednesday, 23 basis points above the repo rate.

Mumbai: The Reserve Bank of India will conduct a variable rate reverse repo (VRRR) operation on Friday, with an aim to absorb ₹1.25 lakh crore. This comes just after the RBI conducted a two day variable rate repo (VRR) operation and injected ₹50,000 crore into the banking system on Wednesday and an overnight VRR operation on Thursday.

The two day VRR operation was over-subscribed amid a temporary shortage of funds, which pushed call rates to 5.73% on Wednesday, 23 basis points above the repo rate.

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