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.
- India’s Service Sector Ends on a Strong Note
- DPIIT Joins Hand with Stride Ventures to Support Indian Startups
- Anarock to Increase Office Leasing Team to Cater to Rising Demand
- NTPC Green Shares Soar 3% on Securing 1,000 MW Power Project
- Brigade Enterprises Shares Gain 1% on Acquiring Land Parcel in Bengaluru
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.
