RBI’s internal group suggests operational shifts in liquidity tools, keeping WACR as the target, and refining repo operations.

• 7-day repo/reverse repo to replace 14-day VRR as primary liquidity tool based on system needs.
• RBI should give advance notice for liquidity ops but retain flexibility for same-day actions if needed.
• Existing tools deemed adequate; 90% daily CRR requirement to continue under the current framework.