The variable rate reverse repo is usually undertaken to withdraw excess liquidity from the banking system.
The VRRR is usually undertaken to withdraw access liquidity from the system. Currently, the liquidity in the banking system is in surplus of around Rs 1.2 lakh crore.
The Fed's reverse repo window attracted a record $2.045 trillion on Monday, as financial institutions continued to flood the facility with liquidity in exchange for Treasury collateral. Monday's volume was one of a string of record highs for RRPs
The bank welcomed the restoration of the LAF corridor at 50bps and also raised an important question about RBI supporting government borrowing.
Short term rates could rise, not much impact on 10-year yields
The Government and the RBI have been taking a series of calibrated steps to fight the pandemic
The Nifty50 which reclaimed 9300 in the morning trade saw cool off and slipped below 9200 levels while the S&P BSE Sensex saw cool off from more than 1000-point gain.
The Reserve Bank of India (RBI) on Wednesday kept its key lending rate —the repo rate—unchanged at 6.25 percent against a widely-anticipated cut of 25-50 basis points.
Aashish Tater is bullish on Bank of India and GSPL. He sees these stocks giving good returns in the short to medium term
The Reserve Bank of India (RBI) in its June mid quarter monetary policy on Monday left its key policy (repo) rate unchanged at 7.25 percent. CRR remained at 4%.
Banks are not passing the rate cut benefits even after RBI slashed 75 basis points in the policy or repo rate. Experts believe, lenders will transmit policy actions when the central bank shifts policy rate to reverse repo mode. A brief analysis follows....
Despite the easing of interest rates by Reserve Bank of India, the weighted average lending rates of banks have declined by less than 0.5 percent, according to RBI data.
The RBI cut its benchmark interest rate by 25 basis points on Friday for the third time since January, as expected, as growth slows and inflation ebbs, but said there is little room to ease monetary policy further, disappointing markets.
India's central bank cut its benchmark interest rate by 25 basis points on Friday for the third time since January, as expected, as growth slows and inflation ebbs, but said there is little room to ease monetary policy further, disappointing markets.
In its mid quarter (Jan-March) monetary policy review the Reserve Bank of India (RBI) on Tuesday cut the repo rate by 25 basis points to 7.50%. Consequently, the reverse repo came down to 6.50%. The policy action was in expected lines.
"25 bps point cut in interest rate for real estate companies will translate into about 2 percent reduction in their overall interest cost outflow," says JC Sharma, VC & MD, Sobha Developers in an interview to CNBC-TV18.
India's central bank reduced its policy interest rate by a widely expected 25 basis points on Tuesday, taking comfort from cooling inflation as it made the first cut in nine months to support an economy headed for its slowest growth in a decade.
The RBI reduced its policy interest rate by a widely expected 25 basis points on Tuesday, taking comfort from cooling inflation as it made the first cut in nine months to support an economy headed for its slowest growth in a decade.
In an interview to CNBC-TV18, Abheek Baruah, HDFC Bank, Moses Harding, IndusInd Bank & SS Mundra, ED, Union Bank speak about their expectations from the central bank.
The Reserve Bank of India (RBI) in its April-June quarter monetary policy left interest rates unchanged for the second time since June. This move was in line with consensus estimates.
In a bid to boost growth, the Reserve Bank of India (RBI), in its annual monetary policy for 2012-13, has cut the policy rates by 50 basis points. C Rangarajan, chairman of Prime Minister's Economic Advisory Council (PMEAC) says, the RBI has taken a good decision.
For the first time in three years, the Reserve Bank of India has left signs on the market's doorstep that 25 basis points repo rate cut to 8.25% is likely to take place today.
The RBI Governor is going to cut policy rates. That's the consensus of a CNBC-TV18 poll of bankers and economist which shows that 85% expect Subbarao to cut repo rate on April 17.
In a bid to ease the huge liquidity pressure on the last day of the financial year, the RBI decided to conduct additional operations under Liquidity Adjustment Facility (LAF) on March 31, 2012 (Saturday). It will happen in between 2.30 p.m. and 3.00 p.m. The regulator normally does not carry LAF actions on any Saturday.
The RBI will announce the mid-quarterly review of its monetary policy on Thursday. CNBC-TV18 poll of bankers and economists shows that 70% of the respondents expect a no-action credit policy.