📌 RBI’s Next Move: Absorb Excess Liquidity 1️⃣ RBI may restart Variable Rate Reverse Repo (VRRR) ops soon. 2️⃣ Daily & 14-day VRR auctions were stopped after policy turned neutral. 3️⃣ Surplus liquidity still high → short-term rates dipped below SDF (5.25%). 4️⃣ VRRR helps drain excess cash & keeps money market rates stable. 5️⃣ Goal: Align call money rate with policy repo & maintain corridor integrity. 6️⃣ Economists see this as a temporary step to reinforce policy stance. 7️⃣ Signal: RBI cautious on rate transmission & inflation control. #rbi #liquidity #vrrr