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
An announcement needs both a start and an end. Without the end date, a sequence of short facilities can look like money being accumulated indefinitely. Other liquidity drivers still matter, so matching reversals is one part of a complete schedule rather than a complete measurement of the system’s position.
A simple example
A hypothetical ₹50,000 crore operation reverses when a ₹1,50,000 crore operation begins. Assuming full new allotment, the net change from those two operations is ₹1,00,000 crore, before other drivers. Adding them to claim ₹2,00,000 crore outstanding would be incorrect.
What to check
- Keep a dated schedule of outstanding operations.
- Subtract reversals when estimating the change.
- Do not assume the notified amount was fully allotted.
Read the full event and evidence
RBI’s ₹1.5 Lakh Crore Four-Day Repo: A Liquidity Bridge, Not a Rate Cut explains the original event, its dates and the supporting documents. Event context: 23 October announcement for 26 October 2026.