Agency reports say that banks borrowed Rs 185.02 billion ($3.01 billion) from the Reserve Bank of India's marginal standing facility (MSF) window on October 28, lower than the Rs 270.29 billion on October 25.
Tag: marginal standing facility window
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Banks borrow Rs 26.5 bn from RBI
Banks in India borrowed Rs 26.5 billion ($435 million) from the Reserve Bank of India's marginal standing facility window on July 30. The RBI had raised the marginal standing facility (MSF) rate by 200 basis points to 10.25 per cent and also imposed restrictions on daily borrowings by banks under its repo window.