RBI to buyback ₹30,000-crore government securities on September 3

The Reserve Bank of India (RBI) will conduct a ₹30,000 crore government securities buyback on September 3 through its E-Kuber platform from 10:30am to 11:30am. The move aims to manage excess liquidity in the banking system, which remains in surplus. The RBI is also using Variable Rate Reverse Repo (VRRR) auctions to absorb surplus funds from banks.