Year-end liquidity management: RBI to provide liquidity aggregating ₹1.25 lakh cr to Banks via VRR auctions

RBI will conduct a 6-day VRR for ₹75,000 crore on March 27 (Friday) and a ₹50,000 crore 3-day VRR on March 30 (Monday). | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) will conduct two Variable Rate Repo (VRR) auctions under the Liquidity Adjustment Facility (LAF) aggregating ₹1.25 lakh crore for the end of the financial year to provide flexibility to the banking system in year-end liquidity management. The central bank provides liquidity to banks to overcome short-term liqui...