Home » RBI lends Rs 695.85 bn to banks via MSF

RBI lends Rs 695.85 bn to banks via MSF

RBI lends Rs 695.85 bn to banks via MSF

Under the Reserve Bank of India’s (RBI) marginal standing facility (MSF) window, Indian banks borrowed Rs 695.85 billion ($10.35 billion) on Aug. 28, higher than the Rs 564.35 billion on Aug. 27.

Under its repo window last month, the apex bank had raised the MSF rate by 200 basis points to 10.25 per cent and also imposed restrictions on daily borrowings by banks.

During acute cash tightness, banks usually tap the MSF rate .

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