From Wednesday Banks Can't Queue Up Daily To Borrow From Rbi

business from wednesday banks can t queue up daily to borrow from rbi

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The Reserve Bank of India will discontinue daily variable rate repo auctions from June 11 due to surplus liquidity in the banking system, which has averaged 2.75 lakh crore in June. This decision aligns with the RBI's target of maintaining surplus liquidity near 1% of net demand and time liabilities.

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