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5.8
RBI announces ₹5 lakh crore overnight VRRR auction to absorb liquidity
Reserve Bank of India — Press ReleasesHI·IN·1 day ago
The Reserve Bank of India will conduct a ₹5,00,000 crore overnight Variable Rate Reverse Repo auction on September 8, 2026, to absorb surplus liquidity. This is a routine liquidity management operation, indicating the RBI's assessment of excess systemic liquidity. The large notified amount suggests sustained surplus conditions, but the operation is not a policy rate signal.