Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
RBI withdraws ₹1 lakh crore from banking system through VRRR auction to tackle surplus liquidity
The Political and Business Daily
|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 cutoff 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.
This story is from the July 05, 2025 edition of The Political and Business Daily.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Political and Business Daily
The Political and Business Daily
No power can stop India from being biggest exporter of weapons: Rajnath Singh
DEFENCE Minister Rajnath Singh on Saturday said no power can stop India, once considered an importer of weapons, from becoming the biggest exporter in 25-30 years.
1 mins
May 24, 2026
The Political and Business Daily
Petrol, diesel, CNG prices hiked again; rates jump nearly ₹5 per litre in 10 days
PETROL and diesel prices were raised by 87-91 paise per litre on Saturday, taking the cumulative increase in retail fuel rates to nearly Rs 5 a litre in under 10 days as state-owned firms passed on soaring international oil prices.
1 min
May 24, 2026
The Political and Business Daily
Sibal raises objections to govt increasing number of judges through ordinance
FORMER law minister Kapil Sibal on Saturday raised objections to the manner in which the Centre has increased the strength of judges through an ordinance and not through legislation debated in Parliament.
1 min
May 24, 2026
The Political and Business Daily
PM: International ties purposefully structured to serve youth of India
PRIME Minister Narendra Modi on Saturday said India's international partnerships are purposefully structured to serve the country's youth and leaders of global corporations, representing dozens of nations, have talked about India's youth and its technological advancement.
1 min
May 24, 2026
The Political and Business Daily
Centre notifies draft rules for VB-G RAM G rollout, outlines shift from MGNREGA
THE Centre on Saturday notified draft rules under the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025 (VB-G RAM G), laying down the institutional and administrative framework for rollout of the new rural employment programme that will replace MGNREGA from July 1, while inviting public feedback before finalisation.
1 min
May 24, 2026
The Political and Business Daily
Centre releases guidelines for BHAVYA scheme implementation to develop 100 industrial parks
THE government on Saturday released detailed operational guidelines for the implementation of the BHAVYA Scheme, a landmark initiative aimed at developing investment-ready, world-class industrial parks across the country.
1 min
May 24, 2026
The Political and Business Daily
Decided to bring back to India some persons deported to B’desh: Centre to SC
THE Centre on Friday told the Supreme Court that it has decided to bring back some people, who were earlier deported to Bangladesh, to India and would then verify their claim of Indian citizenship.
1 mins
May 23, 2026
The Political and Business Daily
'Need innovators, not interpreters': Pradhan bats for Indian languages in education system
UNION Education Minister Dharmendra Pradhan on Friday defended the emphasis on Indian languages in the education system, saying India needs \"innovators, not interpreters\", while asserting that foreign languages should not become a burden for students.
1 min
May 23, 2026
The Political and Business Daily
PM says India, Cyprus upgrade relations to a ‘strategic partnership’
INDIA and Cyprus on Friday elevated their ties to a strategic partnership and set up a joint task force to facilitate deeper cooperation in sectors such as infrastructure and shipping as Prime Minister Narendra Modi hosted Cyprus President Nikos Christodoulides for wide-ranging talks.
1 min
May 23, 2026
The Political and Business Daily
Shah: India to create 'smart border' along Pak & B'desh
Says will stop infiltration, attempts of demographic change
2 mins
May 23, 2026
Listen
Translate
Change font size