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India cbank says to conduct 14-day term repo auction for 610 bln rupees
July 10, 2014 / 9:07 AM / 3 years ago

India cbank says to conduct 14-day term repo auction for 610 bln rupees

July 10 (Reuters) - India’s central bank said on Thursday it would conduct a 14-day term repo auction for 610 billion rupees ($10.22 billion) on Friday, in order to infuse liquidity into the banking system.

The reversal of the 14-day term repo will take place on July 25, RBI said. ($1 = 59.7050 Indian Rupees) (Reporting by Aby Jose Koilparambil in Bangalore)

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