# RBI conducts multiple VRRR auctions, absorbs Rs 1.41 lakh crore 2026-08-24T07:57:29+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (4 source reports) The Reserve Bank of India (RBI) conducted three Variable Rate Reverse Repo (VRRR) auctions on August 24, 2026, to absorb excess liquidity from the banking system. In the overnight auction, the RBI had notified an amount of Rs 1,50,000 crore but accepted bids worth only Rs 49,206 crore at a cut-off rate of 5.24 percent. A separate 7-day VRRR auction saw the central bank accept all 91,980 crore of bids received against a notified amount of Rs 2,50,000 crore, also at a 5.24 percent rate. A second overnight VRRR auction was announced for the same day, with a notified amount of Rs 1,50,000 crore. On August 25, the RBI will conduct a 2-day VRRR auction for Rs 1,75,000 crore. The central bank stated the auctions were decided after a review of current and evolving liquidity conditions. The weighted average rate for both the overnight and 7-day auctions held on August 24 was 5.24 percent. ## Indian Opinion Analysis All four press releases are factual notifications from the RBI itself, with no external commentary or framing. The coverage is uniform straight reporting of auction parameters and results. The multiple auctions on consecutive days, including a second overnight auction and a 2-day tenor, signal that the RBI is actively managing surplus liquidity. The fact that the overnight auction received bids for only a third of the notified amount suggests banks found the offered rate less attractive or had alternative deployment options. The 7-day auction was fully subscribed, indicating demand for longer tenor absorption. The next liquidity management signal will be the outcome of the 2-day auction on August 27. ## Coverage Coverage: 4 sources, 4 neutral - rbi.org.in (neutral report) Straight result announcement of overnight VRRR auction - rbi.org.in (2) (neutral report) Straight notification of second overnight VRRR auction - rbi.org.in (3) (neutral report) Straight result announcement of 7-day VRRR auction - rbi.org.in (4) (neutral report) Straight notification of upcoming 2-day VRRR auction This story was synthesised by AI from the 4 sources linked above. Updated: this story now draws on 4 sources. Last updated 2026-09-27T06:21:23+00:00. Tags: August 24, 2026, liquidity adjustment facility, Reserve Bank of India, reverse repo Canonical: https://indianopinion.org/rbi-absorbs-rs-3-9-lakh-crore-in-two-reverse-repo-auctions/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-absorbs-rs-3-9-lakh-crore-in-two-reverse-repo-auctions/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the reports linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/