India cbank says to conduct 4 day term repo auction for 50 bln rupees

July 11 Fri Jul 11, 2014 8:37am EDT

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July 11 (Reuters) - India's central bank said on Thursday it would conduct a 4-day term repo auction for 50 billion rupees ($833.19 million) on Friday, in order to infuse liquidity into the banking system. The reversal of the 4-day term repo will take place on July 18, RBI said. ($1 = 60.0100 Indian Rupees) (Reporting By Aditya Kondalamahanty in Bangalore)

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