Agencies
Mumbai, June 8: The Reserve Bank of India (RBI) absorbed Rs 1,119.40 billion via 1-day reverse repo auctions on Jun. 8, 2009. However, repo auctions remained suspended for the day.
At the auction conducted under the liquidity adjustment facility (LAF), apex bank received 46 bids for the 1-day reverse repo auction, which were accepted.
On the previous working day also, i.e. Jun. 5, 2009, RBI absorbed Rs 1,046.80 billion via 41 bids for the 3-days reverse repo auctions. However, repo auctions remained suspended for the day.
The repos and reverse repos are trading at a fixed rate of 4.75% and 3.25% respectively.
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