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
Read the operation as a dated cash-flow contract. The offered amount is not necessarily the amount banks request or receive. Banks can need funds because payments and receipts fall on different days, even when they hold valuable assets. The auction result must therefore be read separately from the announcement and from a wider assessment of banking-system liquidity.
A simple example
In RBI’s 23 October 2026 three-day operation, the notified amount was ₹50,000 crore, bids were ₹1,06,949 crore and allotment was ₹50,003 crore. These reported figures describe three separate stages, rather than three estimates of the same injection.
What to check
- Check eligibility, collateral and the original announcement.
- Read the result and the reversal date together.
- Do not treat the bid total as funds supplied.
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.