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RBI Drains ₹2 Lakh Crore via 7‑Day VRRR at 5.24% Cut‑Off

RBI Drains ₹2 Lakh Crore via 7‑Day VRRR at 5.24% Cut‑Off

The Reserve Bank of India absorbed ₹2 lakh crore in transient liquidity through a 7‑day variable rate reverse repo auction. The Hindu reports a cut‑off rate of 5.24% as the central bank manages short‑term system liquidity.

Original headline

RBI pulls out ₹2 lakh crore transient liquidity via 7-day VRRR auction