RBI absorbs Rs 2.23 lakh crore liquidity in Friday VRRR auction at 5.24%

The central bank accepted Rs 2,22,629 crore against a notified amount of Rs 2.25 lakh crore in Friday's VRRR auction at a weighted average rate of 5.24%, per ET BFSI. With a banking system liquidity surplus of Rs 6.94 lakh crore, builders in fintech need to watch how tighter liquidity flows affect lending rates and deposit costs—your unit economics hinge on this.

Source: ET BFSI ↗