Poket News

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.