The Reserve Bank of India (RBI) announced that it would be conducting a Variable Rate Repo (VRR) auction under the Liquidity Adjustment Facility (LAF) of Rs 75,000 Crores tonight. The date of reversal is 25th January 2022, the central bank statement.
- Govt to impose 10% import duty on desi chana from 1st April
- Xi Jinping Meets Global CEOs Amid Slowing Investment
- ChatGPT’s Viral Ghibli-Style Images Spark AI Copyright Debate
- BEML Shares Extend Gains on Rs 405 Crore Contract
- Force Motors Shares Soar 7% on Securing Order for Force Gurkha Light
On 20th January, the RBI had conducted an overnight variable rate repo (VRR) auction of Rs 50,000 Crores. The central bank had said it would continue to restore liquidity conditions in a non-disruptive manner and maintain adequate liquidity to meet the requirement of the productive sectors of the economy.