RBI bets on long-term auctions
So far, the RBI has absorbed liquidity worth ₹4.5 trillion using 14-day VRRR auctions
Bond traders were expecting the 28-day VRRR, but were hardly enthused by RBI’s announcement
MUMBAI : The Reserve Bank of India announced the first long term auction to absorb liquidity, taking the first step towards normalization of its liquidity adjustment policies and a potential reverse repo rate hike before the end of the year.
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