Indian banks borrow 613 bln rupees from cbank under MSF on Sept 26

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Indian banks borrow 613 bln rupees from cbank under MSF on Sept 26 - Compiled By Exim Rite

Indian banks borrowed 613 billion rupees from the Reserve Bank of India's marginal standing facility (MSF) window on Sept. 26, down from 685.91 billion rupees on Sept. 25.

The RBI lowered the MSF rate by 75 basis points on Sept 20 to 9.50 percent. It had raised this rate by 200 bps to 10.25 percent in mid-July.

Banks usually tap the MSF rate during acute cash tightness.

News of the Day - Reserve Bank of India News - 26 September 2013

Date	News Title	Source
26-09-2013	Indian banks borrow 613 bln rupees from cbank under MSF on Sept 26	Reuters India
25-09-2013	RBI asks banks to review export credit limit regularly	SME Times
21-09-2013	After policy move, hope bankers will set rates as per funding cost: Raghuram Rajan	Financial Express
20-09-2013	India\'s new central bank chief orders surprise rate hike	Thesundaily
05-11-2012	RBI wants banks to migrate to IPv6 by December 2012	Gadgets NDTV
02-11-2012	RBI walks the tightrope	The Hindu Business Line
31-10-2012	RBI refuses to budge on rate cut, but offers hope	Business Standard
30-10-2012	RBI to announce cut in interest rate today to support growth	Truthdive
29-10-2012	All eyes on RBI policy, US election for now	Money Guru India

Daily Export Import News - 26 September 2013

Date	News Title	Source
26-09-2013	Customs clear part of imported gold	Financial Express
26-09-2013	Indian banks borrow 613 bln rupees from cbank under MSF on Sept 26	Reuters India
26-09-2013	Positivity over upcoming reforms likely to support rupee: Emkay	MYIRIS
26-09-2013	PM may woo US with FDI in e-commerce ventures, may allow 51% FDI	Economics Times
26-09-2013	Daimler India to hit the export highway	The Hindu Business Line