Rbi Injects 40000 Cr Into Banking System Via 2 Auctions

business rbi injects 40 000 cr into banking system via 2 auctions

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Reserve Bank of India injected over 40,000 crore into the banking system through two operations, addressing a liquidity deficit that breached 2 lakh crore. The RBI accepted 30,760 crore from overnight VRR auction and 9,892 crore from government securities buyback. Another VRR auction of 50,000 crore is announced for Friday, to be reversed on Monday.

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