The Reserve Bank of India (RBI) absorbed Rs 31.38 billion via 1-day reverse repo on Nov. 25, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 16 bids for 1-day reverse repo, which was accepted. These reverse repos are traded at a fixed rate of 7%.
RBI absorbed Rs 23.12 billion via 1-day reverse repo on Nov. 24, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 10 bids for 1-day reverse repo, which was accepted. These reverse repos are traded at a fixed rate of 7%.