The Reserve Bank of India (RBI) on Tuesday fixed a cut-off closer to the repo rate at a seven-day variable rate reverse repo (VRRR) auction as it looks to bring money market rates closer to the policy ...

Mumbai: The Reserve Bank of India on Thursday announced its decision to suck out ₹25,000 crore of liquidity from the banking system through the variable reverse repo rate (VRRR) auction.

The apex bank has conducted 14 variable rate reverse repo (VRRR) auctions since June. But the response from banks to these auctions has been muted. RBI to conduct Rs 1 lakh crore 14-day VRRR on ...