MUMBAI: Indian banks borrowed 259.20 billion rupees from the Reserve Bank of India's marginal standing facility window on July 29, the highest amount since the central bank tightened cash conditions and raised short-term rates two weeks ago to support the rupee.
The RBI had raised the marginal standing facility (MSF) rate by 200 basis points to 10.25 percent and also imposed restrictions on daily borrowings by banks under its repo window.
Banks usually tap the MSF rate during acute cash tightness.
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