RBI conducts ₹2 lakh crore overnight VRRR auction
29 September 2026 · Reserve Bank of India
RBI conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 29 September 2026 for a notified amount of ₹2 lakh crore to absorb surplus liquidity from the banking system. The auction was conducted under the Liquidity Adjustment Facility, with reversal scheduled for 30 September 2026.
RBI conducts ₹2 lakh crore overnight VRRR auction
The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo (VRRR) auction on 29 September 2026 under the Liquidity Adjustment Facility (LAF).
The notified amount for the auction was ₹2 lakh crore. The operation was aimed at absorbing surplus liquidity from the banking system.
The auction was conducted on 29 September, with the funds scheduled to be reversed on 30 September 2026.
Key exam point:
The VRRR operation is a liquidity-absorption tool used by the RBI. Unlike a repo operation, it absorbs surplus liquidity from the banking system.
Related official document
BI notification/auction announcement for the 29 September 2026 overnight VRRR operation