The Reserve Bank of India (RBI) held a Daily Variable Rate Repo (VRR) auction on March 26, 2025, with a tenor of 1 day. The notified amount for the auction was Rs75,000 crore, and the total amount of bids received amounted to Rs35,486 crore. The RBI allocated the entire Rs35,486 crore to the successful bidders.
The cut-off rate for the auction was set at 6.26%, while the weighted average rate came in slightly higher at 6.27%. There was no partial allotment at the cut-off rate, as all bids received were fully allotted.
This auction is part of the RBI’s ongoing efforts to manage liquidity in the financial system, ensuring stability and smooth functioning. The results reflect a continued demand for liquidity, with the central bank effectively addressing the needs of the market.