RBI says liquidity rebalancing evolved satisfactorily; holds repo auction amid GST outflow

RBI says liquidity rebalancing evolved satisfactorily; holds repo auction amid GST outflow

“As stated in Governor’s statement of December 8, 2021, the Reserve Bank has been rebalancing the surplus liquidity in the system by shifting it out of the fixed-rate overnight reverse repo window into the variable rate reverse repo (VRRR) auctions of longer maturity. Overall, this rebalancing has proceeded on a pre-announced glide path and has evolved satisfactorily,” the RBI said through a press release on its website.

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