The Reserve Bank has announced that it will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. Based on assessment of the liquidity conditions, it is decided that the notified amount for the daily Variable Rate Repo (VRR) auction to be conducted on January 17, 2025, Friday, will be ₹50,000 crore.
Government Revises Market Intervention Scheme (MIS) Guidelines
The government has revamped the Market Intervention Scheme (MIS), a component of the PM-AASHA scheme, to provide stronger support to farmers facing price volatility for