RBI to absorb ₹3L/cr via 1-day VRRR auction Wednesday

Business Oct 06, 2026

The RBI is stepping in to soak up ₹3 lakh crore from banks through a one-day VRRR auction on Wednesday.

This move comes right after a similar ₹2.5 lakh crore auction, and lines up with an expected repo-rate hike;

basically, the RBI wants to tighten up extra cash in the system so its policy changes work better across the economy.

Banks offered ₹1,92,357cr, surplus ₹5,30,096cr

On Tuesday, banks offered ₹1,92,357 crore for the last auction, but there is still a huge surplus, ₹5,30,096 crore as of October 5.

These auctions help keep things steady in financial markets and get everyone ready for possible interest rate changes coming soon.