RBI announces ₹5 lakh crore overnight VRRR auction to absorb liquidity

The Reserve Bank of India will conduct a ₹5,00,000 crore overnight Variable Rate Reverse Repo auction on September 9, 2026, to absorb surplus liquidity. This is a routine liquidity management operation, signaling the RBI's intent to keep rates anchored amid current conditions. The large size suggests elevated systemic liquidity, but the move is not a policy shift.