RBI announces second 4-day VRRR auction of ₹5 lakh crore for Sept 11, 2026

The Reserve Bank of India will conduct a second Variable Rate Reverse Repo (VRRR) auction of ₹5,00,000 crore for a 4-day tenor on September 11, 2026, to absorb surplus liquidity. This follows a prior auction and signals continued liquidity management to keep rates anchored. The move indicates persistent excess liquidity in the banking system, which the RBI is draining via reverse repos.