"This is to pre-empt any possible liquidity shortage due to the advance tax payment," In parallel, the central bank will conduct a dollar-rupee buy-sell swap Tuesday to infuse durable rupee-liquidity."The increase in VRR will limit the transient liquidity tightness which be will be created post advance tax payments and "More than Rs 2 lakh crore of liquidity will get drained due to advance tax payment on 15th and GST payment on 20th. The VRR will ensure overnight rates stay near repo rate. Live Events as a ...