CURRENT AFFAIRS : BANKING & FINANCE
RBI infuses ₹82650 crore into the banking system via VRR auction
- The Reserve Bank of India (RBI) infused liquidity amounting to ₹82,650 crore into the banking system via the 14-day Variable Rate Repo (VRR) auction.
- Banks borrowed ₹82,650 crore at a weighted average rate of 6.53%.
- Notified amount under the VRR auction was ₹1 lakh crore.
- This will be only the second VRR auction conducted by the RBI since February 2020.
