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via economictimes.indiatimes.comEconomy

RBI's Bid to Drain Surplus Liquidity Sees Muted Response

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Banks parked just Rs 79,655 crore in the central banks 29-day variable rate reverse repo (VRRR) auction, less than half the Rs 2 lakh crore absorption planned in the offer. Draining liquidity is considered crucial for quicker and effective transmission of increases in policy…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralBanks parked only Rs 79,655 crore in RBI's reverse repo auction, less than half the planned Rs 2 lakh crore absorption.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Banks parked only Rs 79,655 crore in RBI's 29-day variable rate reverse repo auction.
  2. 02Absorption was less than half the planned Rs 2 lakh crore offering.
  3. 03Draining liquidity is crucial for quicker and more effective transmission of policy rate increases.

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