RBI to conduct Rs 25,000-cr overnight variable rate repo auction on Jul 8
The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims to address current liquidity dynamics, and the funds will revert on July 9. Following less engagement in a prior auction due to excessive liquidity, this move seeks to adjust the monetary balance.
7 Jul 14:43 · The Economic Times