RBI merges 28-day and 14-day VRRR auctions to counter moderation in systemic liquidity
The RBI has merged the 28-day VRRR auction with the 14-day VRRR auction in order to tackle the moderation in liquidity in the system. From now on only the 14-day VRRR auctions will be conducted, governor Shaktikanta Das said.
The RBI…