RBI to conduct Rs 1 lakh cr VRRR auction to absorb surplus liquidity



The Reserve Bank of India will conduct a ₹1 lakh crore 7-day variable rate reverse repo (VRRR) auction on July 4 to absorb excess liquidity from the banking system. Liquidity surplus stood at ₹3.75 lakh crore on July 2 — the highest since July 2022 — as government spending increased toward the end of the fiscal quarter.

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