# RBI mops up Rs 82,788 crore via first VRRR auction 2026-08-17T15:21:31+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet (3 source reports) The Reserve Bank of India (RBI) conducted the first of two Overnight Variable Rate Reverse Repo (VRRR) auctions under the Liquidity Adjustment Facility (LAF) on August 18, 2026. The RBI mopped up Rs 82,788 crore from the auction, against a notified amount of Rs 1.5 lakh crore. The cut-off rate was 5.24 percent, and the weighted average rate was also 5.24 percent. The RBI had scheduled two VRRR auctions for the day. The first auction had a window from 9:30 AM to 10:00 AM, with the reversal due on August 19. The second auction, announced later with a notified amount of Rs 75,000 crore, was scheduled from 12:00 noon to 12:30 PM. The RBI said the auctions were based on a review of current and evolving liquidity conditions. The results of the second auction were not yet released at the time of the first report. These auctions are part of the RBI's routine liquidity management operations to absorb excess liquidity from the banking system. ## Coverage - rbi.org.in - rbi.org.in (2) - rbi.org.in (3) This story was synthesised by AI from the 3 sources linked above. Updated: this story now draws on 3 sources. Last updated 2026-09-27T06:18:12+00:00. Tags: LAF, RBI Canonical: https://indianopinion.org/rbi-to-inject-rs-1-50-lakh-crore-via-reverse-repo-auction-on-august-18/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-to-inject-rs-1-50-lakh-crore-via-reverse-repo-auction-on-august-18/#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/