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Tuesday, February 11, 2014

Reverse repo borrowing falls to Rs 7.70 billion: RBI

The Reserve Bank of India said on Tuesday it accepted all 2 bids for Rs 7.70 billion at its 1-day reverse repo auction on Monday, through which it absorbs liquidity from the banking system.

On Monday, it accepted all 56 bids for Rs 350.37 billion at its one-day repo auction, through which it injects liquidity into the banking system.

Source: Economic Times


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