RBI overnight cash withdrawal auction: Banks park ₹3.53 lakh crore after tepid 30-day auction

On 7 September the Reserve Bank of India held an overnight cash withdrawal auction after a lackluster 30‑day VRRR auction, with banks parking a total of ₹3.53 lakh crore. The stronger response in the overnight auction suggests banks favour shorter liquidity‑parking periods.

According to the formal briefing communicated by Livemint Indian Economy & Policy, this announcement has been instituted to ensure enhanced transparency, efficiency, and public accessibility across civic and administrative operations. The issuing authority has instructed all affiliated directorates and nodal offices to adhere strictly to the notified procedural roadmap.

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