Opening story…
కథనం తెరుస్తున్నాం…
The Reserve Bank of India accepted ₹38,592 crore in its November 13 three-day variable rate reverse repo auction. It took up all the funds offered, against an announced auction size of ₹75,000 crore. The weighted average and cut-off rates were both 5.49%.
Why it matters for listed banks
The auction temporarily takes cash out of the banking system. For readers following listed lenders, the amount accepted shows how much cash the RBI absorbed through this operation.
What comes next
The bidding window ran from 9:30 to 10:00 a.m. IST on November 13. The RBI scheduled the reversal for Monday, November 16.
Source: Reserve Bank of India.
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