The Reserve Bank of India (RBI) today injected 55,837 crore rupees into the banking system through a three-day variable rate repo (VRR) auction. The funds were infused at a cut-off and weighted average rate of 5.26 per cent. The amount was lower than the notified 1 lakh crore rupees, despite a decline in surplus liquidity due to advance tax outflows.
The RBI has infused over 2.08 lakh crore rupees through short-term VRR auctions in recent days and 3.5 lakh crore rupees of durable liquidity via open market operations (OMO) since January this year.
