
RBI to hold variable rate repo auction to infuse Rs 75,000 crore
This announcement for the VRR to be conducted at noon Friday comes on the day RBI received four times more bids under the bond purchase programme — or the open market operations (OMO) — the last among a host of liquidity infusion measures announced on January 27.
It received bids worth ₹1.87 lakh crore against the notified amount of ₹40,000 crore.
In a parallel development, the RBI did not accept bids for the 91-day and 182-day treasury bills at an auction held on Thursday. However, it accepted ₹7,000 crore worth of bids for the 360-day auction at 6.5638%.
Market participants said they expected the RBI to announce liquidity support measures since system liquidity continues to be in deficit.
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