VRRR

RBI Announced VRRR Auctions of Rs 2 Lakh Cr For Liquidity Absorption

"In view of the success of VRRR and given the rising level of surplus liquidity, it has now been decided to conduct VRRR auctions of longer maturity. This is a part of RBI's liquidity management operations and should not be read as liquidity tightening," Shaktikanta Das had said.