Result of the 3-day Variable Rate Reverse Repo (VRRR) auction held on September 18, 2026

The Reserve Bank of India held a 3-day Variable Rate Reverse Repo (VRRR) auction on September 18, 2026. The notified amount was ₹2,25,000 crore, but the total amount of offers received was ₹2,22,629 crore, which was fully accepted. The cut-off rate and weighted average rate were both 5.24%.

Meanwhile, in Australia, the Reserve Bank's Monetary Policy Board is set to meet on September 28-29 to determine the next move in the cash rate target. According to economists, there is a strong possibility of a rate hike in September, with the cash rate potentially increasing to 4.6%. This view is supported by comments from Reserve Bank officials, including Deputy Governor Andrew Hauser.

The Reserve Bank of Australia's (RBA) officials, including Deputy Governor Andrew Hauser and Chief Economist Sarah Hunter, have been making public appearances, signaling that they want to raise interest rates. According to Luci Ellis, a former RBA assistant governor and current Westpac chief economist, while November may be a better choice, September is a genuine possibility for a rate hike.

Brief written by urgent.news from Reserve Bank of India, ABC News AU — 2 reports on this story. Machine-written — may contain errors; check the original before relying on it.