RBI offers Rs 11,772 crore to banks through repo auction
In the auction, the central bank received Rs 11,772 crore of bids and allocated the entire amount at a cut-off rate of 5.16 percent.
The Reserve Bank of India on Thursday offered Rs 11,772 crore to banks through a 12-day variable rate repo auction. Before the auction, the RBI enhanced the amount of auction to Rs 50,000 crore from Rs 25,000 crore, announced earlier.
In the auction, the cen
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