Variable Rate Repo (VRR)
- On 21st June, 2024, the Reserve Bank of India (RBI) started conducting a variable rate repo (VRR) auction for a notified amount of Rs 1 lakh crore for six days.
- The primary purpose of a Variable Rate Repo (VRR) auction conducted by the Reserve Bank of India (RBI) is to manage liquidity in the banking system.
- This involves injecting short-term liquidity into the system when there is a deficit.
- By conducting VRR auctions, the RBI aims to maintain financial stability and ensure that money market interest rates evolve systematically.
- This helps in managing the overall liquidity conditions in the economy and supports the smooth ....
Do You Want to Read More?
Subscribe Now
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 US Targets India’s High Tariffs
- 2 India and Vietnam Hold Fourth Policy Planning Dialogue
- 3 India-Bhutan Hold Talks on Boundary and Cooperation
- 4 India and Armenia Sign MoU on Medical Product Regulation
- 5 Poland & Baltic States to Withdraw from Ottawa Convention
- 6 India-Malaysia Discuss Trade Ties & AITIGA
- 7 India and Mongolia Strengthen Strategic Partnership
- 8 New Freshwater Algae Species Discovered in Western Ghats
- 9 U.S. Withdraws from U.N. Climate Damage Fund Board
- 10 New Species of Congrid Eel Discovered
News Snippets
- 1 Fast Track Immigration Trusted Traveller Programme (FTI-TTP)
- 2 General Anti-avoidance Rule (GAAR)
- 3 Enemy Agents Ordinance, 2005
- 4 e-Samridhi Portal
- 5 NIPL Partnership with Central Reserve Bank of Peru
- 6 Container Port Performance Index (CPPI)
- 7 Front Running
- 8 External Debt of India
- 9 Bio-bitumen
- 10 Safai Apnao, Bimaari Bhagao Initiative
- 11 Poori Padhai Desh Ki Bhalai
- 12 Jal Jeevan Mission (JJM)
- 13 Saubhagya Scheme
- 14 Ram Prasad Bismil
- 15 Jyotirmath
- 16 Kabir Das
- 17 Nouka Baich Boat Race
- 18 Indiconema
- 19 Paraparatrechina Neela
- 20 Spot Bellied Eagle Owl
- 21 New Plant Species Discovered
- 22 World’s Oldest Termite Mounds
- 23 Pushpak
- 24 Chang'e-6
- 25 Nagastra-1 Drones
- 26 'Vidyut Rakshak'
- 27 Sensorineural Hearing Loss
- 28 Agnibaan
- 29 Resolve Tibet Act
- 30 New Members of UN Security Council
- 31 Colombo Process
- 32 Netherlands Is India's Third Largest Export Destination
