RBI injects Rs 38.46 bn in banking system via repos

The Reserve Bank of India (RBI) has injected Rs 38.46 billion in the banking system via 1-day repo on Dec. 3, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 13 bids for 1-day repo, were accepted. These repos are traded at a fixed rate of 8%.

RBI absorbed Rs 57.26 billion via 1-day reverse repo on Dec. 2, 2014. At the auction conducted under liquidity adjustment facility, the central bank received 23 bids for 1-day reverse repo, which was accepted. These reverse repos are traded at a fixed rate of 7%.