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.
- Dozee Secures $8 Mn to Boost Global Expansion
- Delhi Govt Allocates Rs 2,144 Crore for Ayushman Bharat in First Budget
- India Considers Tariff Reductions on $23 Billion in US Imports to Protect $66 Billion in Exports
- Trump Announces 25% Additional Tariff on Venezuela Trade
- Best 10 Reasons To Invest In Gold: Benefits of Investing in Gold
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.
