RBI absorbs Rs 33.20 bn via reverse repos
Posted Sep.18, 2007 in Indian Stock Market
RBI absorbs Rs 33.20 bn via reverse repos The Reserve Bank of India (RBI) absorbed Rs 33.20 billion via 1-day reverse repos on Sep. 18, 2007. At the auction conducted under liquidity adjustment facility, the central bank received 4 bids for 1-day reverse repos, which were all accepted. On the previous working day, i.e on September 17, it absorbed Rs 37.45 billion via 6 bids, for 1-day reverse repos. These reverse repos are traded at a fixed rate of 6%.