The Reserve Bank of India (RBI) will conduct a ₹2.5 lakh crore, 7-day variable rate reverse repo (VRRR) auction on Friday, according to a statement.
The date of reversal for the auction has been set as July 18. “On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, July 11,” the RBI said.
Further, on a review of evolving liquidity conditions, the regulator has decided not to conduct the 14-day main operation on Friday, July 11, 2025, for the ensuing fortnight.
The central bank had on July 9 accepted bids amounting to ₹97,315 crore in its two-day Variable Rate Reverse Repo (VRRR) auction, against the notified amount of ₹1 lakh crore.
The central bank accepted the bid at a cut-off rate of 5.49 per cent, higher than the 5.47 per cent cut-off in the previous seven-day VRRR auction held on July 4, which had attracted bids totalling ₹1.7 lakh crore as against the notified amount of ₹1 lakh crore.
The RBI conducts VRRR operations to absorb excess liquidity from the banking system and to keep short-term rates aligned with the policy repo rate. As of Tuesday, net liquidity in the banking system was in surplus by ₹3.07 lakh crore, according to the RBI’s latest data.
Published on July 10, 2025
