Question
The Reserve Bank of India (RBI) will conduct a 14-day
variable rate repo auction worth Rs _____ in February,2023.Solution
The Reserve Bank of India (RBI) will conduct a 14-day variable rate repo auction worth Rs 50,000 crore in February,2023. This will be the first repo auction by the central bank since September, 2022. Â Â Liquidity in the banking system is seen tightening in coming days due to the scheduled redemptions of large-scale long-term repo operations (LTRO) and targeted long-term repo operations (TLTRO).
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