RBI announces ₹75,000 crore overnight VRRR auction to absorb liquidity

The Reserve Bank of India will conduct a 1-day Variable Rate Reverse Repo auction for ₹75,000 crore on September 22, 2026, to absorb surplus liquidity. This is a routine liquidity management operation under the LAF framework, indicating the RBI's assessment of current liquidity conditions. The move signals a neutral-to-tightening stance on liquidity, with limited direct market impact.