The RBI injected over ₹1.41 lakh crore into the banking system through a seven-day VRR auction at a 5.26% rate after liquidity turned into a deficit due to GST outflows. The move aims to ease short-term funding pressure, stabilise money market rates, and ensure smooth credit flow across the economy, preventing excessive rise in overnight interest rates.
Business
RBI Pumps ₹1.41 Lakh Crore To Boost Liquidity
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