RBI to conduct Variable Rate Reverse Repo auction

Reserve Bank of India has announced that it will conduct a Variable Rate Reverse Repo auction on 15th of this month for a notified amount of two lakh crore rupees.
RBI on 8 Jan said the decision to restore normal liquidity management operations in a phased manner has been taken after a review of the evolving liquidity and financial conditions.
In view of the COVID-19 outbreak, RBI had temporarily suspended the revised liquidity management framework.

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