Banks showed a preference for shorter-term liquidity options. A significant amount of surplus funds was absorbed, totaling over ₹6 lakh crore. The response to a 30-day auction was relatively weak, with bids totaling ₹2.59 lakh crore.

A subsequent overnight auction saw improved demand, with bids exceeding 70 percent of the notified amount. The bids for this auction totaled ₹3,53,390 crore.

The details of these auctions are available, including the cut-off and weighted average rates, which were consistent across both operations at 5.24 percent. Further information can be found in the original report.