RBI cancels VRR auction for third time amid stable liquidity
Mumbai: The
RBI
on Thursday said it will not conduct the 14-day
variable rate repo
(VRR) auction for the upcoming fortnight. This is the third such cancellation in a row.
"On a review of the current and evolving
liquidity conditions
, it has been decided not to conduct the 14-day main operation on Friday, June 13, 2025, for the upcoming fortnight," the central bank said.
Treasury officials said that cancellation indicates that the central bank is comfortable with the liquidity in the
banking system
despite scheduled outflows on account of advanced tax and
GST payments
in the next two weeks. These
tax outflows
are estimated to be around ₹3 lakh crore.
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