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RBI repo undersubscribed but banks brace for volatile month-end liquidity

Central bank expected to conduct more variable rate repos towards end of financial year

Topics
RBI | Reserve Bank of India | Liquidity

Bhaskar Dutta  |  Mumbai 



Photo: Bloomberg
Photo: Bloomberg

The 14-day variable rate repo (VRR) auction held by the on Friday was slightly undersubscribed, with banks borrowing funds worth Rs 82,650 crore out of the Rs 1-trillion window the central bank offered.

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First Published: Fri, March 10 2023. 19:11 IST


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