Current Affairs · Banking and Economy
Consider the following statements regarding RBI's announcement for a Variable Rate Reverse Repo (VRRR) auction: 1. The RBI's move aims to inject liquidity into the financial system. 2. The operation involves a 7-day reverse repo auction scheduled by the central bank to manage banking system liquidity. 3. Interbank rates had been consistently above the policy rate, prompting this action. 4. The RBI's liquidity management framework tools include VRRR to absorb surplus liquidity. Which of the statements given above are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only 2 and 4✓
- 2Only 2, 3 and 4
- 3Only 2 and 3
- 4Only 1, 2 and 3
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Only 2 and 4
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