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RBI Withdraws ₹1 Lakh Crore From Banking System Through VRRR Auction to Tackle Surplus Liquidity
The Statesman Siliguri
|July 05, 2025
The Reserve Bank of India (RBI) on Friday withdrew Rs 1,00,010 crore from the banking system through a seven-day variable rate reverse repo (VRRR) auction.
The move is aimed at reducing the excess liquidity currently present in the banking system. According to a statement by the RBI, it received bids worth Rs 1,70,880 crore during the auction.
"Out of this, the central bank accepted Rs 1,00,010 crore at a cut-off rate of 5.47 percent," the Central Bank said in its statement.
This step is expected to reduce the surplus liquidity and could lead to a rise in short-term overnight rates.
As per the RBI's latest data, the banking system had a liquidity surplus of around Rs 4.04 lakh crore as of July 3.
Diese Geschichte stammt aus der July 05, 2025-Ausgabe von The Statesman Siliguri.
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