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Indian banks borrow 5 bln rupees via cbank's MSF on Jan 10
January 11, 2013 / 3:41 AM / 5 years ago

Indian banks borrow 5 bln rupees via cbank's MSF on Jan 10

MUMBAI, Jan 11 (Reuters) - Indian banks borrowed 5 billion
rupees ($91.8 million) through the central bank's marginal
standing facility (MSF) on Jan. 10.
    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 Suvashree Dey Choudhury; Editing by G.Ram Mohan)

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