New Student Offer - Use Code HELLO

Register Now

RBI to Conduct 5-day Variable Rate Repo Auction on March 24

Published on March 23, 2023
Current Context: The Reserve Bank of India (RBI) will conduct a 5-day Variable Rate Repo auction worthof Rs 75,000 crore on March 23.
RBI to Conduct 5-day Variable Rate Repo Auction on March 24
  • The Reserve Bank of India for the fortnight beginning March 24, 2023 has decided to conduct a 5-day Variable Rate Repo (VRR) auction.
  • The main operation is a 14-day variable rate Repo/ Reverse Repo auction.
  • The auction will take place on March 24 and the reversal of funds will take place on March 29.
  • When the banking system turns negative or is in deficit, the variable rate repo auction is done to do the liquidity in the system.
  • Liquidity in the banking system is in deficit of around Rs 76,513crore in the recent years.

Question: 

Q.1 The Reserve Bank of India (RBI) will conduct a 5-day Variable Rate Repo auction worthof Rs _________ on March 23.
a. 78000 crores
b. 76000 crores
c. 70000 crores
d. 75000 crores
ebook store

About us

ramandeep singh

Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and 5000+ selections, Ramandeep understands the path to success, having transitioned himself from Dena Bank and SBI. He's passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu