Mumbai, Sept. 1 -- The Reserve Bank of India (RBI) on Monday mopped up Rs 48,820 crore through a three-day Variable Rate Reverse Repo (VRRR) auction, as part of its ongoing liquidity management operations.

The auction, held on 1 September 2025, had a notified amount of Rs 50,000 crore. Banks tendered bids worth Rs 48,820 crore, all of which were accepted. The cut-off rate and the weighted average rate were both set at 5.49%.

The latest operation comes after the central bank absorbed Rs 1,38,366 crore in a six-day VRRR on 29 August 2025, against a notified amount of Rs 1.5 lakh crore, at the same cut-off rate. A day before that, RBI had mopped up Rs 49,515 crore through an overnight VRRR auction.

The RBI has been conducting frequent VRR...