The Reserve Bank of India (RBI) will conduct a 7-day variable rate reverse repo (VRRR) auction worth ₹1 trillion on Friday to suck excess liquidity in the banking system, due to which the weighted average call rate (WACR) is trading below the policy repo rate
“On a review of the current and evolving liquidity conditions, it has been decided to conduct a variable rate reverse repo (VRRR) auction on Friday, June 27,” the central bank said on Friday.
“Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, June

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