India's central bank says banks borrowed 915.95bn rupees via MSF on Sept 30

MUMBAI: Indian banks borrowed 915.95 billion rupees from the Reserve Bank of India's marginal standing facility (MSF) window on Sept. 30, higher than the 826.58 billion rupees on Sept. 27.

The RBI lowered the MSF rate by 75 basis points (bps) on Sept. 20 to 9.50 percent. It had raised the rate by 200 bps to 10.25 percent in mid-July. Banks usually tap the MSF rate during acute cash tightness.