“Instead of VRRR, they prefer parking excess funds in the RBI’s overnight Standing Deposit Facility,” he added. Banks have given a lukewarm response to the Variable Rate Reverse Repo (VRRR) auctions ...

MUMBAI, June 7 (Reuters) - The Reserve Bank of India may have to opt to absorb liquidity for just a day using variable rate reverse repo (VRRR) auctions, as bankers remain reluctant to park funds for ...

In an indication of excess liquidity, the Reserve Bank of India received bids worth ₹58,525 crore from banks against the notified amount of ₹50,000 crore at the variable rate reverse repo (VRRR) ...

Banking and NBFC stocks: After the RBI has announced a 7-day VRRR auction of Rs 1 lakh crore, banking and NBFC stocks are trading mixed. So, to maintain the banking system's surplus liquidity at ...

Economists said this implied that India's growth potential has increased significantly in the aftermath of the Covid-19 pandemic, fuelled predominantly by investments. The Reserve Bank of India’s move ...

RBI likely to use VRRR to absorb surplus liquidity & align call rate with repo rate. Experts suggest short-term VRRR auction ...

The central bank conducts VRRR auctions to remove surplus liquidity from the banking system. The Reserve Bank of India (RBI) on July 10 said it will conduct a three-day variable rate reverse repo ...

The Reserve Bank of India (RBI) is likely to conduct more variable rate reverse repo (VRRR) auctions in the coming days to absorb the huge surplus of liquidity in the banking system and align ...

The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo ...

The Reserve Bank of India has decided to conduct a seven-day variable rate reverse repo auction on Friday in a move that will drain liquidity from the banking system. The central bank will conduct a ...

Banks placed funds amounting to ₹84,975 crore at RBI’s seven-day variable rate reverse repo (VRRR) auction on Friday against the notified amount of ₹1 lakh crore. The auction came in a bid to absorb ...