Five of the six MPC members favoured the stance, with external member Jayanth R Varma voting against it once again. The RBI lends money to banks at the repo rate, and offers the reverse repo rate while absorbing their excess funds....
Interestingly, the cut-off of the VRRR auction came in at 3.99 per cent, almost the same as the repo rate....
The rupee, meanwhile, reached 75.16 in the intraday trade, but closed at 74.99 a dollar amid RBI intervention....
经济
商业标准报-经济和政策
2021-10-09 00:00:00.0