The Reserve Bank of India (RBI) injected Rs 40.5 billion in the 1-day repo auction held on Aug. 27, 2008. However, reverse repo auction remained suspended for the day.

At the auction conducted under the liquidity adjustment facility, the central bank received 6 bids for the 1-day repo auctions, which were all accepted.

On the previous working day, i.e. Aug. 26, 2008, the Reserve Bank of India (RBI) injected Rs 55 billion in the 1-day repo auction via 10 bids. However, reverse repo auctions remained suspended for the day.

The repos are traded at a fixed rate of 9%, while reverse repos are traded at 6%.