RBI Overnight VRRR Auction Explained: Why Is the RBI Absorbing Excess Liquidity from Banks?
If you’ve seen headlines this week about the RBI “withdrawing” or “sucking out” record sums of money from banks, the wording is dramatic — but the mechanism behind it is routine central banking, not a red flag for your bank account. The correct technical name for the instrument is an overnight Variable Rate Reverse Repo […]
