India central bank says reverse repo bids fall to 8.14bn rupees

18 Mar, 2014

MUMBAI: The Reserve Bank of India said on Tuesday it accepted both bids for 8.14 billion rupees ($133.1 million) at its four-day reverse repo auction conducted on Friday.

On Friday, the RBI had accepted all 55 bids for 364.71 billion rupees at its four-day repo auction through which it injects liquidity into the banking system.

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