Sunday, April 20
Mumbai: The Reserve Bank of India (RBI) injected slightly more than ₹40,000 crore into the banking system under two separate operations on Thursday, a day after the banking system liquidity gap breached the ₹2 lakh crore threshold.The RBI used ₹30,760 crore worth of bids from overnight variable rate repo (VRR) auction and ₹9,892 crore under the government securities buyback window to inject the funds. While in the case of VRR, it accepted 61% of the notified amount, it accepted just 33% in the buyback operation, rejecting bids made at higher rates.Separately, the RBI announced the next daily VRR auction for ₹50,000 crore on Friday. This transaction will be reversed on Monday.Banking system liquidity was in a deficit of ₹2.2 lakh crore as of Wednesday, with an average deficit of
