The Reserve Bank of India (RBI) on Tuesday received bids worth ₹1.52 trillion against a notified amount of 1 trillion at the overnight variable rate repo (VRR) auction.
The central bank allotted 1 trillion at a weighted average rate of 6.73 per cent.
Liquidity deficit in the banking system widened to ₹1.22 trillion on Monday, according to the latest data by the RBI. There has been a huge demand at the VRR auctions conducted by the RBI amid liquidity fluctuations in the banking system.
This story is from the March 27, 2024 edition of Business Standard.
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This story is from the March 27, 2024 edition of Business Standard.
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