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BRIEF-India cbank to conduct 2-day special term repo auction for 100 bln rupees
June 17, 2014 / 9:17 AM / 3 years ago

BRIEF-India cbank to conduct 2-day special term repo auction for 100 bln rupees

June 17 (Reuters) - India’s central bank said on Tuesday it would conduct a special two-day term repo auction for 100 billion indian rupees ($1.68 billion) on Wednesday, in order to infuse liquidity into the banking system. The reversal of the two-day term repo will take place on June 20, RBI said. ($1 = 59.7000 Indian Rupees) (Reporting by Aby Jose Koilparambil in Bangalore)

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