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Indian banks borrow 250 mln rupees via RBI's MSF on June 4
June 5, 2012 / 3:42 AM / 5 years ago

Indian banks borrow 250 mln rupees via RBI's MSF on June 4

 MUMBAI, June 5 (Reuters) - Indian banks borrowed 250 million
rupees ($4.5 million) from the Reserve Bank of India's marginal
standing facility (MSF) on June 4. 	
 Banks can borrow from the MSF at 100 basis points higher
than the RBI's key lending rate of 8 percent.
 ($1 = 55.3 rupees)   	
	
 (Reporting by Neha Dasgupta)	
 

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