Mumbai, Sept. 22 -- The Reserve Bank of India (RBI) on 22 September 2025 absorbed Rs 21,151 crore through a one-day Variable Rate Repo (VRR) auction, conducted as part of its liquidity management operations.

Against a notified amount of Rs 1,00,000 crore, banks tendered bids worth Rs 21,151 crore, all of which were accepted. The cut-off rate stood at 5.51%, while the weighted average rate was also 5.51%.

This came after the RBI conducted 3-day and 6-day VRR auctions on 19 September. In the 3-day auction, bids of just Rs 390 crore were received against a notified Rs 50,000 crore, while the 6-day auction drew Rs 59,967 crore against a notified Rs 1,00,000 crore. Both were allotted in full at a cut-off rate of 5.51%.

The operations follow...