RBI aims to absorb ₹2.5 trillion via seven-day VRRR auction on Monday | Finance News
The Reserve Bank of India plans to conduct a seven-day variable rate reverse repo (VRRR) auction on Monday, aimed at absorbing Rs 2.5 trillion from the banking system. On Friday, banks parked Rs 95,970 crore against the notified amount of Rs 1.5 trillion under the three-day VRRR auction. A VRRR…