The Reserve Bank of India (RBI) has injected ₹81,590 crore into the banking system through a 3-day Variable Rate Repo (VRR) auction to address temporary liquidity shortages. The liquidity crunch was primarily caused by advance tax outflows and other factors. Although the RBI notified an auction for ₹1 lakh crore, it received bids worth over ₹1.14 lakh crore. Experts suggest this move will ease funding pressure on banks and stabilize short-term interest rates. https://odishasambad.in/why-rbi-injected-rs-81590-crore-into-the-banking-system/ #creator program