Indian banks borrow 17.7 bln rupees via cbank's MSF on Jan 3
MUMBAI, Jan 4 (Reuters) - Indian banks borrowed 17.70 billion rupees ($322.99 million) through the central bank's marginal standing facility (MSF) on Jan. 3. Banks can borrow from the MSF at 100 basis points higher than the Reserve Bank of India's key lending rate of 8 percent. Usually, banks tap this window during acute cash shortage. ($1=54.8 rupees) (Reporting by Neha Dasgupta; Editing by Prateek Chatterjee)
- Exclusive: Angry with Washington, 1 in 4 Americans open to secession
- U.S. Secret Service investigates after man jumps White House fence, reaches doors
- French jets strike in Iraq, expanding U.S.-led campaign against Islamic State |
- Alice, steampunk and a false name: enigma of an American jailed in North Korea
- North Korea says imprisoned American tried to become 'second Snowden'