RBI Ups VRRR Auction to ₹2.5T

  Published 1 year ago

RBI to conduct ₹2.5T seven-day VRRR auction on July 11, skipping 14-day operation amid rising liquidity surplus.

  • Liquidity surplus rose to ₹3.27T by July 9, up from ₹2.62T at June-end, as per RBI data.
  • RBI withdrew ₹973B via two-day VRRR on July 9, maturing on July 12, tightening system liquidity.
  • VRRR used to absorb excess cash; RBI skips 14-day auction after liquidity condition review.
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