New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    The Reserve Bank of India (RBI) will conduct a 14-day

    variable rate repo auction worth Rs _____ in February,2023.
    A Rs.34000 crore Correct Answer Incorrect Answer
    B Rs.40000 crore Correct Answer Incorrect Answer
    C Rs.44000 crore Correct Answer Incorrect Answer
    D Rs.50000 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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.    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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