{
  "id": 6112934,
  "title": "Result of the Overnight Variable Rate Reverse Repo (VRRR) auction held on September 07, 2026",
  "url": "https://urgent.news/2026/09/07/result-of-the-overnight-variable-rate-reverse-repo-vrrr-auction-held",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T07:30:32.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63532"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Reserve Bank of India held an overnight Variable Rate Reverse Repo (VRRR) auction on September 7, 2026. The notified amount was ₹5,00,000 crore, but only ₹3,53,390 crore in offers were received and accepted. The cut-off rate and weighted average rate were both 5.24 percent.\n\nAccording to Straits Times Business, Takuji Aida, an economic adviser to the Japanese Prime Minister, forecast that the Bank of Japan would raise interest rates in September 2026. Aida predicted further rate hikes, one by January 2027, and then one every six months after that.\n\nThe Indian VRRR auction had a 100 percent acceptance rate for offers received at the cut-off rate, with no partial acceptance percentage reported.",
  "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."
}