Mumbai, June 23 (IANS) The Reserve Bank of India (RBI) on Tuesday pumped in over Rs 1.41 lakh crore of transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction.The funds were injected into the system at a cut-off rate and weighted average rate of 5.26 per cent, according to figures released by the RBI.This was done after the liquidity in the banking system turned into a deficit of Rs 19,971.89 crore as on June 22, from a surplus of Rs 30,685.11 crore as on…
Latest VRR auctions News & Updates
Mumbai, March 30 (IANS) The Reserve Bank of India (RBI) on Monday injected Rs 84,582 crore into the banking system to enhance liquidity through two variable rate repo (VRR) auctions.The central bank injected Rs 50,001 crore through the first three-day VRR auction early in the day at a cut-off rate of 5.34 per cent and weighted average rate of 5.44 per cent, according to an RBI statement.The RBI injected another Rs 34,581 crore at 5.26 per cent cut-off and 5.30 per cent weighted average rate at a…