Indian banks borrow 17.7 bln rupees via cbank's MSF on Jan 3

Thu Jan 3, 2013 10:43pm EST

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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)

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