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Press releaseRBIMonday, 7 September 2026NEW

RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 07, 2026

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Official press release — a government communication announcing decisions, milestones, or initiatives. Signals intent and often precedes formal notification or legislative action.

Summary

On a review of current and evolving liquidity conditions, it has been decided to conduct a Second Variable Rate Reverse Repo (VRRR) auction on Monday, September 07, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 5,00,000 1 11:00 AM to 11:30 AM September 08, 2026 (Tuesday) 2. The operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same.Ajit Prasad

Key Facts

TypePress release
SourceReserve Bank of India
PublishedMonday, 7 September 2026
Affected Population1.4 billion citizens, 63 million MSMEs

Key Numbers

GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
PM-JAY: 55 crore beneficiaries

Key Authorities

Ministry of FinanceRBISEBIDEAMinistry of Social Justice & Empowerment

Key Stakeholders

TaxpayersBanks & NBFCsInvestorsBPL FamiliesSenior CitizensPersons with Disabilities

Government Context

NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight

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