For Quick Alerts
For Daily Alerts

RBI asks banks to have enough collateral for repo borrowing

By Religare
RBI asks banks to have enough collateral for repo borrowing
The Reserve of India has asked banks to make sure that they have sufficient collateral securities in their accounts before submitting bids to borrow under the repo window.

The regulatory body on Monday said that in order to boost rupee and stem the currency decline, it will cap the extent to which banks can borrow money from the RBI at Rs 75,000 crore, effective from Wednesday.

The RBI also said the cap of Rs 75,000 crore will be applicable to the combined amount in morning and evening repo auctions on reporting Friday.

If the allotted amount in the morning repo is Rs 75,000 crore, there will be no evening repo on reporting Friday, it added.

Read more about: rbi banks repo borrowing
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more