June 11, 2025 4:22 PM
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RBI Discontinues Daily VRR Auctions Amid Rs 3 Lakh Crore Liquidity Surplus
The Reserve Bank of India has discontinued daily Variable Rate Repo (VRR) auctions starting today, in view of a liquidity surplus in the banking system, currently estimated at around 2.75 to 3 lakh crore rupees. The daily VRR auctions were launched on January 16 2025 to ease short-term liquidity tig...