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
Badminton players Satwiksairaj & Chirag defeated Indonesian duo of Fajar Alfian & Muhammad Shohibul Fikri
In Badminton, India’s men’s doubles pair of Satwiksairaj Rankireddy and Chirag Shetty today defeated the Indonesian duo...