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RBI to drain Rs 1 lakh crore as VRRR auctions fail to absorb liquidity

The Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions failed to absorb excess liquidity. The move follows dollar inflows, with Governor Sanjay Malhotra signalling multiple tools to manage surplus funds.

11 Sep 2026 7:50 pm