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    HomeNewsBusinessMarketsBanks borrow Rs 5 cr via RBI's MSF as on July 16

    Banks borrow Rs 5 cr via RBI's MSF as on July 16

    Earlier this week, the Reserve Bank of India had raised the MSF rate, as part of the measures to address the rupee's weakness.

    July 17, 2013 / 16:48 IST

    Indian banks borrowed Rs 5 crore through the Reserve Bank of India's marginal standing facility (MSF) as on July 16, the central bank's data showed on Wednesday.

    Earlier this week, the RBI had raised the MSF rate, as part of the measures to address the rupee's weakness.

    Also Read: RBI asks banks to have enough collateral for repo borrowing

    Banks can borrow from the MSF at 300 basis points higher than the Reserve Bank of India's policy repo rate of 7.25 percent. Banks usually tap this window during acute cash shortage.

    first published: Jul 17, 2013 10:42 am

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