
RBI’s move to remove Rs 1 lakh crore liquidity sets rate cut bar higher
RBI’s move to remove Rs 1 lakh crore liquidity sets rate cut bar higher In a move that signals tightening of surplus liquidity, the Reserve Bank of India (RBI) has announced a Rs 1 lakh crore (INR1 trillion) 7-day Variable Rate Reverse Repo (VRRR) auction …