RBI infuses Rs 1.16 lakh crore in banking system via three variable rate repo auctions amid tight liquidity

The Reserve Bank of India (RBI) on March 22 infused Rs 1.16 lakh crore through three variable rate repo (VRR) auctions on March 22 amid tight liquidity in the banking system, experts said.

All three auctions came when the liquidity in the banking system was in deficit of around Rs 1.39 lakh crore and amid the reversal of two VRR auctions conducted by the RBI on March 7 and March 16.

“It hints at liquidity…