Indian banks borrow Rs 750 mln via RBI's MSF

Indian banks borrowed Rs 750 million ($15.30 million) from the Reserve Bank of India's marginal standing facility (MSF) on Feb. 29, the RBI said on Thursday, compared with 7.50 billion on Wednesday.


Banks can borrow from the MSF at 100 basis points higher than the RBI's key lending rate of 8.50 percent.

$1 = 49.0100 Indian rupees