Mumbai, Aug. 29 -- The Reserve Bank of India (RBI) on Friday, 29 August 2025, absorbed Rs 1,38,366 crore through a 6-day Variable Rate Reverse Repo (VRRR) auction, continuing its liquidity management operations.

Against the notified amount of Rs 1.5 lakh crore, banks tendered bids worth Rs 1,38,366 crore, all of which were accepted. The cut-off rate and weighted average rate stood at 5.49%.

The operation came a day after the central bank mopped up Rs 49,515 crore against a notified amount of Rs 75,000 crore through an overnight VRRR auction at the same 5.49% rate.

RBI has been conducting frequent VRRRs of varying maturities to absorb surplus liquidity arising from government spending and capital flows, ensuring that short-term money ma...