RBI injects Rs 25,000 cr via VRR route to boost system liquidity

The RBI injected funds worth Rs 25,000 crore via a variable rate repo auction (VRR) to ensure that recent overseas outflows from local debt and equity do not drive up banks' cost of funds, analysts said. This is the second such auction that the RBI has conducted post its change in stance to neutral from withdrawal of accommodation.

from Economic Times https://ift.tt/ybBAwsu