Mumbai: The Reserve Bank of India (RBI) conducted a 3-day Variable Rate Repo (VRR) auction on January 31, 2025, to manage short-term liquidity in the banking system. The auction saw strong demand, with bids totaling ₹1,28,059 crore against the notified amount of ₹1,00,000 crore.
The cut-off rate was set at 6.51%, while the weighted average rate stood at 6.52%. The total allotted amount was ₹1,00,013 crore, with a partial allotment of 51.04% for bids received at the cut-off rate.
The VRR mechanism is part of the RBI’s liquidity adjustment strategy, helping banks meet short-term funding needs while ensuring stability in money markets.
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