RBI announces ₹2.25 lakh crore 3-day VRRR auction for Sept 18

The RBI will conduct a 3-day Variable Rate Reverse Repo auction for ₹2.25 lakh crore on September 18, 2026, to absorb surplus liquidity. This is a routine liquidity management operation under the LAF framework, indicating the central bank's intent to manage durable surplus conditions. The move signals a neutral-to-tightening bias in liquidity management, with limited direct market impact.