RBI to conduct Rs 75,000-crore 4-day variable rate repo auction today
Currently, liquidity in the banking system is estimated to be in deficit of around Rs 1.93 lakh crore.
Source: moneycontrol.com
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RBI to conduct Rs 1.75 lakh cr 14-day variable rate repo auction on May 3
Usually, the central bank conducts variable rate repo auction to inject liquidity in the banking system when it turns into deficit mode or tight.
Source: moneycontrol.com
"Stealth tightening" being undone; expect "status quo" MPC policy in April
The six-member Monetary Policy Committee of the RBI meets from April 3 to 5 to decide on interest rates.
Source: moneycontrol.com
MPC's 5:1 vote for repo status quo indicates rate cut cycle likely in second half of 2024
An interesting observation in this MPC meeting is that while 5 MPC members voted for staying the course, 1 MPC member, Professor Jayanth R. Varma, actually voted to reduce the policy repo rate by 25 bps.
Source: moneycontrol.com
RBI to conduct Rs 25,000-cr overnight VRR auction on Jan 30
The central bank on January 29 conducted a 2-day VRR auction, in which banks submitted bids worth Rs 73,290 crore and the RBI only accepted bids worth Rs 25,001 crore at a 6.74 percent cut-off rate.
Source: moneycontrol.com