May 20, 2022 10:22 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Massive fire breaks out in a forest near Jammu | Undefeated German champion boxer Musa Yamak dies of heart attack during match | Gyanvapi mosque row: Report of videography, meant for court, made public | PM Modi to participate in Quad Leaders' Summit in Tokyo on May 24 | Prices of LPG hiked
RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore RBI | VRRR Auction

RBI to conduct another 3-day VRRR auction for Rs 2 lakh crore

India Blooms News Service | @indiablooms | 25 Dec 2021, 12:16 am

Mumbai/IBNS: Reserve Bank of India will conduct another three day Variable Rate Reverse Repo (VRRR) auction next week in order to draw out up to Rs 2,00,000 crore.

The RBI Governor had earlier hinted at removing excess cash available in the banks through auctions.

On December 20, in a similar auction, in a surprise move the Central bank removed Rs 81,160 crore liquidity from the system.

Apart from this, the Reserve Bank has been conducting 4 day and 7 day auctions.

In the December bi monthly policy, RBI Governor Shaktikanta Das had stressed on auction root as an important move to remove cash from the system.

Related Images
FOHMA addresses press conference 01 Jan 1970, 05:30 am
Related Videos
PM Modi on Union Budget 2022-2023 01 Feb 2022, 06:28 pm
IBNS Live Business Chat 30 Dec 2021, 05:53 pm