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RBI to hold ₹1 trn VRRR auction to suck out liquidity
Business Standard
|June 25, 2025
The Reserve Bank of India (RBI) will conduct a seven-day variable rate reverse repo (VRRR) auction worth ₹1 trillion on Friday to suck excess liquidity in the banking system, due to which the weighted average call rate (WACR) is trading below the policy repo rate.
"On a review of the current and evolving liquidity conditions, it has been decided to conduct a variable rate reverse repo (VRRR) auction on Friday, June 27," the central bank said on Friday.
"Further, on a review of evolving liquidity conditions, it has been decided not to conduct the 14-day main operation on Friday, June 27, 2025, for the ensuing fortnight," it added.
The average liquidity surplus in the system in the last two weeks, indicated by the amount of funds that RBI absorbs every day, was around ₹2.5 trillion.
According to RBI's liquidity framework, liquidity operation of 14 days and above are called main operation, and that of less than 14 days are called fine tuning operations.
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