RBI announces ₹50,000 crore overnight VRRR auction for Oct 15 to absorb liquidity

The Reserve Bank of India will conduct a 1-day Variable Rate Reverse Repo auction of ₹50,000 crore on October 15, 2026, to absorb surplus liquidity. This is a routine liquidity management operation, indicating the RBI's assessment of current banking system liquidity. The move is consistent with the RBI's recent operations and signals a neutral-to-tightening stance on short-term rates.