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RBI absorbs Rs 120.18 bn via reverse repo
Source: IRIS | 20 Aug, 2014, 11.59AM
Rating: NAN / 5 stars.
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The Reserve Bank of India (RBI) absorbed Rs 120.18 billion via 1-day reverse repo on Aug. 19, 2014.

At the auction conducted under liquidity adjustment facility, the central bank received 29 bids for 1-day reverse repo, which was accepted.

These reverse repos are traded at a fixed rate of 7%.
 
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