The Reserve Bank of India (RBI) will conduct a 30-day Variable Rate Reverse Repo (VRRR) auction worth Rs 7 lakh crore on September 7, 2026, to absorb excess liquidity in the banking system, which currently stands at over Rs 10.32 lakh crore. Participants will have the option of premature reversal through the E-Kuber portal, while the RBI continues to step up liquidity absorption.
