RBI absorbs Rs 5.08 bn via reverse repo
Source: IRIS | 24 Nov, 2014, 10.50AM
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Rating: NAN / 5 stars. |
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The Reserve Bank of India (RBI) absorbed Rs 5.08 billion via 3-days reverse repo on Nov. 21, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 4 bids for 3-days reverse repo, which was accepted. These reverse repos are traded at a fixed rate of 7%. RBI absorbed Rs 35.36 billion via 1-day reverse repo on Nov. 20, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 20 bids for 1-day reverse repo, which was accepted. These reverse repos are traded at a fixed rate of 7%.
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