RBI drains Rs 84,975 crore via VRRR
- Posted on June 27, 2025
- By Financial Express
- 2 Views
RBI drains Rs 84,975 crore via VRRR
The Reserve Bank of India (RBI) conducted a seven-day Variable Rate Reverse Repo (VRRR) auction, absorbing Rs 84,975 crore from the banking system to manage persistent surplus liquidity and align short-term rates with the repo rate.
