Mumbai, June 27 -- On 27 June 2025, the Reserve Bank of India (RBI) pulled Rs 84,975 crore out of the banking system through a 7-day Variable Rate Reverse Repo (VRRR) auction.

The central bank had originally notified Rs 1,00,000 crore for the auction. However, total bids received stood at Rs 84,975 crore, and the RBI accepted the entire amount. The cut-off rate was fixed at 5.49%, with the weighted average rate slightly lower at 5.45%.

As of June 26, surplus liquidity in the banking system hovered around Rs 2.71 lakh crore.

This move is seen as a tactical liquidity adjustment. With a cut in the Cash Reserve Ratio (CRR) expected in September, which could release more funds into the system, the RBI appears to be draining just enough liqu...