RBI announces ₹1.25 lakh crore 1-day VRRR auction for Sept 24 to absorb liquidity

The RBI will conduct a 1-day Variable Rate Reverse Repo auction of ₹1.25 lakh crore on September 24, 2026, to absorb surplus liquidity. This is a routine liquidity management operation under the LAF framework, indicating the central bank's intent to keep rates anchored. The move suggests liquidity remains in surplus, with no change in policy stance.