India, June 23 -- The Reserve Bank of India injected Rs 1,41,171 crore of short-term liquidity into the banking system through a seven-day Variable Rate Repo (VRR) auction conducted on Tuesday.
The liquidity infusion was carried out at a cut-off and weighted average rate of 5.26%, according to the RBI.
The move comes after banking system liquidity slipped into a deficit of Rs 19,971.89 crore on June 22, compared with a surplus of Rs 30,685.11 crore on June 21. The VRR auction is aimed at easing short-term funding pressures and ensuring adequate liquidity in the financial system.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....