RBI to conduct Rs 2 lakh crore VRRR auction on April 17

The Reserve Bank of India (RBI) will conduct a Rs 2 lakh crore seven-day Variable Rate Reverse Repo (VRRR) auction on April 17 to absorb surplus liquidity in the banking system. The move aims to manage excess cash conditions ahead of GST-related outflows, which typically tighten liquidity. The RBI said the step is part of its proactive liquidity management strategy to maintain stability in short-term money markets.

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