RBI Injects ₹72,300 Crore to Stabilize Liquidity Amid Tax Outflow Pressures
RBI Liquidity Intervention The Reserve Bank of India (RBI) injected ₹72,300 crore into the banking system on Tuesday, conducting two variable rate repo (VRR) auctions to address a sharp tightening of liquidity caused by significant advance tax outflows. The central bank’s intervention occurred in Mumbai, aiming to alleviate immediate funding pressures as the banking sector…