Mumbai, April 10 (IANS) The Reserve Bank of India announced on Friday that it is carrying out a Variable Rate Reverse Repo (VRRR) auction worth Rs 2 lakh crore with a 7-day tenor to absorb excess, durable liquidity from the banking system. The date of reversal is April 17.The VRRR is used to absorb excess liquidity when the system has a surplus, which helps maintain interest rates within the RBI’s prescribed corridor.This move follows the RBI’s revised liquidity management framework, which prior…
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Seoul, Jan 23 (IANS) Daily foreign exchange (FX) trading by banks in South Korea hit an all-time high last year, driven by increased cross-border stock trading, central bank data showed on Friday.Average daily FX turnover, including derivatives trading, came to US$80.71 billion in 2025, up 17 per cent from the previous year’s $68.96 billion, according to the data from the Bank of Korea (BOK), reports Yonhap news agency.It marked the highest annual level since the central bank began compiling suc…