Banks borrowed 86.50 bn rupees under MSF on November 29

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Banks borrowed 86.50 billion rupees from the central bank's marginal standing facility (MSF) window on Nov. 29 for three days. Banks borrowed 86.50 billion rupees from the central bank's marginal standing facility (MSF) window on Nov. 29 for three days.
SummaryBanks borrowed 86.50 billion rupees from the central bank's marginal standing facility (MSF) window on Nov. 29 for three days.

Indian banks borrowed 86.50 billion rupees ($1.4 million) from the central bank's marginal standing facility (MSF) window on Nov. 29 for three days, higher than the 60.5 billion rupees borrowed on Nov. 28 for one day.

The Reserve Bank of India cut the MSF rate by 25 basis points (bps) on Oct. 29 to 8.75 percent. It had raised the rate by 200 bps to 10.25 percent in mid-July.

Banks usually tap the MSF rate during acute cash tightness.

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