**Summary:**
On August 21, 2025, the Reserve Bank of India (RBI) conducted an overnight Variable Rate Repo (VRR) auction. The notified amount for the auction was ₹50,000 crore. However, the total amount of bids received was ₹31,025 crore, and the RBI allotted ₹31,025 crore. The cut-off rate for the auction was 5.51%, with a weighted average rate of 5.51%. There was no partial allotment of bids received at the cut-off rate (NA). Contact Ajit Prasad, Deputy General Manager, Communications, for further information. The RBI's website is www.rbi.org.in, and the Department of Communication can be reached via email at helpdoc@rbi.org.in or by phone at 022-2266 0502. The press release number is 2025-2026/945. The central office is located at Shahid Bhagat Singh Marg, Fort, Mumbai 400 001.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking system.
Mumbai, Maharashtra: City in India where the central office of Reserve Bank of India is located.
Overnight Variable Rate Repo: A monetary policy tool used by the Reserve Bank of India to manage short-term liquidity in the banking system.
VRR auction: Variable Rate Repo auction
50,000 crore: Notified Amount for the Overnight Variable Rate Repo VRR auction
Ajit Prasad: Deputy General Manager Communications at Reserve Bank of India.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
August 21, 2025
Result of the Overnight Variable Rate Repo (VRR) auction held on August 21,
2025
Tenor 1-day
Notified Amount (in ₹ crore) 50,000
Total amount of bids received (in ₹ crore) 31,025
Amount allotted (in ₹ crore) 31,025
Cut off Rate (%) 5.51
Weighted Average Rate (%) 5.51
Partial Allotment Percentage of bids received at cut off rate (%) NA
Ajit Prasad
Press Release: 2025-2026/945 Deputy General Manager
(Communications)