RBI latest VRR auction gets robust response
Financial Express Delhi|December 21, 2024
THE RESERVE BANK of India's (RBI) seven-day variable rate repo auction (VRR) for ₹1.50 lakh crore has received bids worth ₹2.01 lakh on Friday, indicating a strong demand for funds from banks amid huge liquidity deficit, said interbank call money traders.
ANUPREKSHA JAIN

The liquidity deficit in the banking system widened on the account of outflows pertaining to advance tax payments and goods and services tax, said call traders. According to the latest RBI data, the liquidity deficit was ₹1.62 lakh crore on Friday against ₹1.51 lakh crore on Wednesday. Consequently, during the day, the call rates surged to 7% and Tri-party repo rate rose to 6.78%.

This story is from the December 21, 2024 edition of Financial Express Delhi.

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This story is from the December 21, 2024 edition of Financial Express Delhi.

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