RBI bid to drain surplus liquidity and improve rate transmission sees muted response
Banks parked just Rs 79,655 crore in the central bank’s 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh crore absorption planned in the offer.
Draining liquidity is considered crucial for quicker and effective transmission of increases in policy rates.
5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on economictimes.indiatimes.com — the content belongs to The Economic Times.
