RBI Announces A Second Variable Rate Repo Auction

  • Variable rate repo auction of Rs 75,000 crore scheduled for Monday.
  • RBI had scheduled a Rs 50,000 crore variable rate repo auction for Friday.
  • Alert: Repo auctions follow an increase in call money market rate to above 4%.
  • Alert: Repo auctions despite surplus liquidity conditions, even though size of surplus has reduced.

Source: RBI

Read More →