Reserve Bank of India will conduct a three-day variable rate reverse repo operation. The operation is for ₹1 lakh crore on Tuesday. This announcement was expected due to the fall in overnight rates. The reversal of the three-day VRRR will occur on Friday. ₹1.52 lakh crore will return to the banking system then.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets