RBI Injects Rs 84,582 Cr into Banking System via Two Variable Rate Repos

• The Reserve Bank of India (RBI) injected Rs 84,582 crore of transient liquidity into the banking system on Monday.
• This was done through two variable rate repo (VRR) auctions.
• The first three-day VRR auction injected Rs 50,001 crore at a cut-off rate of 5.34 per cent.
• A second auction later in the day injected Rs 34,581 crore at a 5.26 per cent cut-off rate.
• The banking system currently has an estimated liquidity surplus of about Rs 1.27 lakh crore as of March 27.