Explained on 26 October 2026. This is an educational answer drawn from the dated article below; examples are hypothetical unless a specific source observation is identified.
How it works
Calculate the ratio using matching units and the same auction. Participation depends on funding needs, alternatives, pricing and collateral. Demand can be uneven across institutions. A high ratio is therefore a useful observation to compare over time, but it needs market-rate and outstanding-operation context before it becomes a broader liquidity conclusion.
A simple example
For 23 October 2026, ₹1,06,949 crore divided by ₹50,000 crore is 2.13898, or about 2.14 times. That is not 2.14% interest, nor does it say that RBI met the full requested amount.
What to check
- Use bids divided by the notified amount.
- Compare operations with similar terms before drawing a trend.
- Check allotment and funding prices alongside demand.
Read the full event and evidence
RBI’s 23 October Repo Auction: ₹1.07 Lakh Crore of Demand Is Not the Amount Injected explains the original event, its dates and the supporting documents. Event context: 23 October 2026 result.