The Reserve Bank of India on Monday announced that it will be discontinuing the daily Variable Rate Repo auctions with effect from June 11, 2025, due to the current and evolving liquidity conditions.
“On a review of current and evolving liquidity conditions, it has been decided that the daily VRR auctions will be discontinued with effect from June 11, 2025, Wednesday,” said the RBI in its statement.
Earlier, the RBI announced on January 15, 2025 that it will be conducting daily VRR auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice.
“It has been decided that the notified amount for the daily VRR auction to be conducted on June 10, 2025, Tuesday, between 10:00 AM and 10:30 AM will be ₹25,000 crore,” said RBI in its statement.
