RBI absorbs Rs 44.95 bn via repos
Posted Sep.24, 2007 in Indian Stock Market
RBI absorbs Rs 44.95 bn via repos The Reserve Bank of India (RBI) absorbed Rs 44.95 billion via 1-day repos on Sep. 24, 2007. At the auction conducted under liquidity adjustment facility, the central bank received 7 bid for 1-day repos, which was accepted. These repos are traded at a fixed rate of 6%. On the previous working day, i.e on September 22, it absorbed Rs 12 billion via 1 bid, for 3-day repos that traded at a fixed rate of 7.75%.