Report
RBI holds ₹1 lakh crore liquidity auction ahead of festive season
The Economic Times reports bids totaled ₹1.50 lakh crore as overnight rates rose above the policy benchmark.
TLDR
The RBI announced a ₹1 lakh crore variable-rate repo auction on October 19, its first since late July, The Economic Times reports. The weighted average call rate reached 5.67%, above the 5.50% repo rate, and the auction drew ₹1.50 lakh crore in bids. The central bank planned another ₹50,000 crore auction for October 21.
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