Mumbai, July 9 -- The Reserve Bank of India (RBI) conducted a 2-day Variable Rate Reverse Repo (VRRR) auction on 9 July 2025, to absorb excess liquidity from the banking system. Against the notified amount of Rs 1,00,000 crore, the central bank received bids worth Rs 97,315 crore and accepted the entire bid amount.

The cut-off rate for the auction was set at 5.49%, with the weighted average rate coming in slightly lower at 5.46%. Since the amount accepted equaled the total bids received, there was no need for partial acceptance at the cut-off rate.

This short-term liquidity operation follows a series of recent VRRR auctions. In the 7-day VRRR conducted on July 4, the central bank accepted Rs 1,00,010 crore at a cut-off rate of 5.47%, wi...