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EconomyRBI

RBI lends banks ₹50,003 crore for four days, days after it was soaking up cash

Banks bid ₹62,872 crore at the Reserve Bank's four-day repo auction on Monday. The cut-off rate of 5.51% was above the 5.50% policy rate, a turn from last week's absorption auctions.

From the editorial desk · MumbaiEdited by Puneet PanesarPublished
Gandhi News graphic: RBI switches to lending cash for four days
Gandhi News graphic: RBI switches to lending cash for four daysGraphic: Gandhi News

Key points

  • The RBI allotted ₹50,003 crore at a four-day repo auction on Monday, against ₹62,872 crore of bids.
  • The cut-off rate was 5.51%, one basis point above the 5.50% repo rate.
  • Only on Friday the RBI had taken in ₹18,133 crore through a three-day reverse repo at 5.49%.

The documents