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News18•07-10-2026, 20:15
RBI to conduct Rs 2 lakh crore 29-day VRRR auction on Oct 8
  • •The Reserve Bank of India announced a 29-day variable rate reverse repo auction for Rs 2 lakh crore to absorb surplus liquidity.
  • •The banking system liquidity is currently estimated to be in surplus of around Rs 4.99 lakh crore.
  • •Participants will have the option for premature reversal of the amount lent through the E-Kuber portal.
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Key Questions Answered

The Reserve Bank of India announced a 29-day variable rate reverse repo auction for a notified amount of Rs 2 lakh crore scheduled for October 8, 2026, aimed at absorbing surplus liquidity from the banking system.

According to RBI data, liquidity in the banking system was estimated to be in a surplus of around Rs 4.99 lakh crore as of October 7, 2026.

Yes, participants have the option for premature reversal by placing requests through the E-Kuber portal on working days between 9 am and 5 pm, provided requests are made at least two working days before the original reversal date.

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