Monetary Policy

Tenor 4-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 50,053

The Reserve Bank has today released data on Reserve Money for the week ended December 12, 2025.

Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 57,175 Amount allotted (in ₹ crore) 57,175 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Wednesday, December 17, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 10:15 AM to 10:45 AM December 18, 2025 (Thursday) 2. The operational guidelines for the auction will be same as given in Reserve Bank’s Press Release 2021-2022/1572 dated January 20, 2022.

Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 49,791 Amount allotted (in ₹ crore) 49,791 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.27 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct a second Variable Rate Repo (VRR) auction on Tuesday, December 16, 2025, as under:

Tenor 10-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 77,379 Amount allotted (in ₹ crore) 77,379 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

Please refer to the press release 2025-2026/1697 dated December 12, 2025. On a review of current and evolving liquidity conditions, it has been decided to increase the notified amount for the

Tenor 11-day Notified Amount (in ₹ crore) 75,000 Total amount of bids received (in ₹ crore) 24,969 Amount allotted (in ₹ crore) 24,969 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA

On a review of current and evolving liquidity conditions, it has been decided to conduct Variable Rate Repo (VRR) auctions as under: Sl. No. Date of Auction Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1. December 15, 2025 (Monday) 75,000 11 09:30 AM to 10:00 AM December 26, 2025 (Friday) 2. December 16, 2025 (Tuesday) 75,000 10 09:30 AM to 10:00 AM December 26, 2025 (Friday)