rbMUMBAI: The Reserve Bank of India said on Monday it accepted the sole bid for 100 million rupees at its one-day reverse repo auction, through which it absorbs excess cash from the banking system.

 

Earlier in the day, it accepted all 33 bids for 968.30 billion rupees ($17.8 billion) at its one-day repo auction, through which it injects cash into the banking system.

 

Copyright Reuters, 2013

Comments

Comments are closed.