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RBI to Discontinue Daily Variable Rate Repo Auctions from June 11
The Daily Guardian
|June 11, 2025
The Reserve Bank of India (RBI) announced on Tuesday that it will discontinue daily Variable Rate Repo (VRR) auctions starting June 11, 2025.
The discontinuation of the VRR is due to a liquidity surplus in the banking system reaching approximately Rs 3 lakh crore.
RBI said, "Further, on a review of current and evolving liquidity conditions, it has been decided that the daily VRR auctions, as announced in the above press release, will be discontinued with effect from June 11, 2025, Wednesday".
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