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)
DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.