# RBI gets Rs 1.43 lakh cr bids in overnight VRRR auction 2026-08-25T15:47:18+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (2 source reports) The Reserve Bank of India conducted an overnight Variable Rate Reverse Repo auction on August 27, 2026, inviting bids for a notified amount of Rs 2,00,000 crore from banks. The auction received total offers of Rs 1,42,622 crore, all of which were accepted at a cut-off rate of 5.24 per cent. The date of reversal is August 28, 2026. The auction was held under the Liquidity Adjustment Facility following a review of current and evolving liquidity conditions, according to the RBI press release. The weighted average rate matched the cut-off rate at 5.24 per cent. Banks did not bid for the full notified amount, leaving Rs 57,378 crore unsubscribed. ## Indian Opinion Analysis The two RBI press releases are uniform straight reporting of an auction announcement and its result, with no discernible slant from the neutral-report stance. The first release states the notified amount of Rs 2,00,000 crore, while the second reveals bids of only Rs 1,42,622 crore were accepted at a cut-off rate of 5.24 per cent. The gap between the notified amount and accepted amount indicates banks are not under extreme liquidity pressure to lend to the RBI at this rate. The next liquidity management action will be visible in the RBI's subsequent VRRR or repo auction schedule. ## Coverage Coverage: 2 sources, 2 neutral - rbi.org.in (neutral report) Straight factual announcement and result releases - rbi.org.in (2) (neutral report) Straight factual result release This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Updated: this story now draws on 2 sources. Last updated 2026-08-27T08:06:31+00:00. Tags: LAF, liquidity management, RBI, VRRR Canonical: https://indianopinion.org/rbi-announces-rs-2-lakh-crore-vrrr-auction-on-august-27/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-announces-rs-2-lakh-crore-vrrr-auction-on-august-27/#story-in-brief 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/