Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 02, 2026

The Reserve Bank of India held an overnight Variable Rate Reverse Repo (VRRR) auction on September 2, 2026. The notified amount was ₹5,00,000 crore, but the total amount of offers received was ₹4,59,843 crore, which was fully accepted. The cut-off rate and weighted average rate were both 5.24%.

Meanwhile, Bank of Japan Governor Kazuo Ueda said on September 1 that the bank would debate raising interest rates in September, focusing on whether inflationary risks were increasing. According to Straits Times Business and The Business Times - Companies & Markets, Ueda signaled a strong chance of a rate hike this month. He hoped to discuss with the board whether the likelihood of the BOJ's economic scenario materializing was heightening and whether upside price risks were increasing.

Ueda said the bank would continue raising interest rates as financial conditions remain accommodative, but would carefully assess the cumulative impact on the economy. He also stated that policy would be set mindful of upside risks to inflation.

Brief written by urgent.news from Reserve Bank of India, Straits Times Business, The Business Times - Companies & Markets — 3 reports on this story. Machine-written — may contain errors; check the original before relying on it.