RBI set to tweak liquidity management toolkit, discontinue 14-day VRRR? Key takeaways from recommendations
The Reserve Bank of India announced a number of liquidity-related changes on Wednesday as it revealed the MPC’s decision to maintain the status quo on policy rates as well as policy stance. Among major tweaks to its liquidity management framework was its decision to do away with the 14-day variable rate reverse repo (VRRR), with…