RBI to conduct 4-day VRRR worth Rs 1 lakh crore on June 5
The announcement comes after banks parked only 508.68 billion rupees with the RBI under a 14-day VRRR on Friday. Banks remain wary of participating in the longer tenor VRRR auction amid fears that scheduled tax outflows over the next two weeks could reduce surplus liquidity and cause temporary mismatches in their books, traders said.
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