Indian banks borrow Rs 10 bn via RBI's MSF

Indian banks borrowed 10 billion rupees ($200 million)from the Reserve Bank of India's marginal standing facility (MSF) on March 7, the central bank said on Friday.

Banks can borrow from the MSF at 100 basis points above the RBI's key lending rate of 8.50 percent. ($1 = 49.99 rupees)