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RBI mops up Rs 8,364 cr via repo
ENS ECONOMIC BUREAU
MUMBAI, April 11: The RBI mopped up Rs 8,364 crore through the fixed rate four-day repo . This is the highest amount mopped up by the apex bank since the introducion of repos in December 1996. It also pierces the Rs 8,000 crore barrier in repo mop up for the first time. The previous highest was Rs 7,495 crore on April 7, 1998. At the four-day 7-per cent fixed-rate repo held on Saturday, RBI received 27 bids for Rs 8,364 crore and accepted them for the same amount.Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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