🇮🇳BREAKING: The Reserve Bank of India has announced a Rs 75,000 crore variable rate repo auction set to run for four days as the central bank moves to manage surplus liquidity in the banking system.


Net liquidity in the system stood at Rs 2.8 trillion in surplus as of Tuesday, according to RBI data.
VRR auctions allow banks to borrow short-term funds from the RBI against government securities at market-determined rates, giving the central bank a tool to absorb or inject liquidity without moving benchmark rates.
The move signals the RBI is actively managing the size of the surplus rather than letting it accumulate further, which can complicate its broader monetary policy stance.
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