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RBI to conduct Variable Rate Reverse Repo auction on Jan 15 for notified amount of Rs 2 lakh cr

kanishkSocialMedia - BROADCASTING MEDIA PRODUCTION COMPANY,PUBLISHER, January 13, 2021

              
Reserve Bank of India is the top dollar buyer among its Asian peers | Business News,The Indian Express


Reserve Bank of India has announced that it will conduct a Variable Rate Reverse Repo auction on 15th of this month for a notified amount of two lakh crore rupees.
 
In a statement, RBI today said the decision to restore normal liquidity management operations in a phased manner has been taken after a review of the evolving liquidity and financial conditions.  In view of the COVID-19 outbreak, RBI had temporarily suspended the revised liquidity management framework.

SOUECE ; AIR NEWS

 

{ With input from news agency language)

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