RBI announces ₹75,000 crore overnight VRRR auction for September 23

The Reserve Bank of India will conduct a 1-day Variable Rate Reverse Repo auction for ₹75,000 crore on September 23, 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 continued liquidity surplus in the banking system, with the central bank managing rates within its corridor.