RBI has announced a Rs 50,000 crore variable rate repo auction for two days to manage the short-term liquidity conditions. This auction was conducted on 3rd June, and fund reversal will take place on 5th June.
This announcement comes as surplus liquidity has moderated in the banking system. The liquidity has stood at Rs 85,411.44 crore. RBI has accepted the bids of Rs 17,445 crore against the amount of Rs 75,000 crore, as the liquidity operation comes as the Monetary Policy Committee started its three-day meeting and will announce results on 5th June 2026.
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