The Reserve Bank of India-RBI has removed 1,00,010 crore rupees from the banking system through the seven-day variable rate reverse repo (VRRR) auction held today. RBI in a release said that it had received bids worth 1,70,880 crore rupees, out of which bids worth 1,00,010 crore rupees were accepted at a 5.47 per cent cut-off rate. Currently, as per RBI’s data, the liquidity in the banking system is in surplus of around 4.04 lakh crore rupees.
- Advertisement -
Latest News
Union Railways Minister Ashwini Vaishnaw expresses happiness over announcement of seven high
Union Minister for Railways, Electronics and IT and Information and Broadcasting Ashwini Vaishnaw has hailed the Union...