Variable Rate Repo Auction (VRR)
- On 23rd December, 2024, the Reserve Bank of India (RBI) conducted a seven-day variable rate repo auction (VRR) for an amount of Rs 1.50 lakh crore.
- The primary purpose of a Variable Rate Repo (VRR) auction conducted by the Reserve Bank of India (RBI) is to manage liquidity in the banking system.
- This involves injecting short-term liquidity into the system when there is a deficit or absorbing excess liquidity when there is a surplus.
- By conducting VRR auctions, the RBI aims to maintain financial stability and ensure that money market interest rates evolve systematically.
- This helps in managing the overall liquidity conditions in the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
News Snippets
- 1 Threatened Freshwater Species of Western Ghats
- 2 State Disaster Response Fund (SDRF)
- 3 Industrial Clusters
- 4 Sanchar Sathi Mobile App
- 5 Shikari Devi Wildlife Sanctuary's Designated as Eco-Sensitive Zones
- 6 Indore and Udaipur Achieve Wetland City Accreditation
- 7 BHARATPOL Portal
- 8 State and Union Territory Microsites under the e-Shram Initiative
- 9 Enhanced Certificate of Origin (eCoO) 2.0 System
- 10 Internet Governance Internship & Capacity
