RBI Absorbs ₹2.23 Lakh Crore via VRRR, Deploys ₹1 Lakh Crore OMO Sales
The Reserve Bank of India deployed a coordinated monetary strategy to tackle a ₹7.38 lakh crore banking liquidity overhang. The central bank absorbed ₹2.23 lakh crore via a 14-day VRRR auction at 5.24% while initiating ₹1 lakh crore in OMO bond
