{
  "id": 6105875,
  "title": "Result of the 30-day Variable Rate Reverse Repo (VRRR) auction held on September 07, 2026",
  "url": "https://urgent.news/2026/09/07/result-of-the-30-day-variable-rate-reverse-repo-vrrr-auction-held-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T06:16:25.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63530"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Reserve Bank of India held a 30-day Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. The notified amount for the auction was ₹7,00,000 crore, but the total amount of offers received was ₹2,59,276 crore, which was fully accepted. The cut-off rate and weighted average rate for the auction were both 5.24%.\n\nAccording to Straits Times Business, Takuji Aida, an economic adviser to the Japanese Prime Minister, predicted that the Bank of Japan would raise interest rates in September 2026 and continue to hike them at a pace of once every quarter until January 2027. Aida forecast another rate increase by January 2027, followed by hikes of around once every six months.\n\nThe Reserve Bank of India's Deputy General Manager (Communications), Ajit Prasad, released a statement regarding the VRRR auction results. No further details were provided about the auction or the Bank of Japan's potential rate hikes beyond what was mentioned in the reports.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Bank of Japan",
        "title": "Monetary Base and the Bank of Japan's Transactions (Aug.)",
        "url": "https://urgent.news/2026/09/06/monetary-base-and-the-bank-of-japans-transactions-aug",
        "published": "2026-09-06T23:50:00.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "Japan PM Takaichi’s reflationist aide projects Bank of Japan rate hike in September",
        "url": "https://urgent.news/2026/09/07/japan-pm-takaichis-reflationist-aide-projects-bank-of-japan-rate-hike",
        "published": "2026-09-07T04:35:00.000Z"
      },
      {
        "outlet": "Reserve Bank of India",
        "title": "RBI to conduct Overnight Variable Rate Reverse Repo (VRRR) auction under LAF on September 07, 2026",
        "url": "https://urgent.news/2026/09/07/rbi-to-conduct-overnight-variable-rate-reverse-repo-vrrr-auction",
        "published": "2026-09-07T06:16:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}