Friday, February 2, 2024

BANKING

On Friday, the weighted average rate on tri-party repos closed at 6.32%, almost 20 basis points lower than the RBI's repo rate of 6.5%, Clearing Corporation of India (CCIL) data showed. In theory, overnight rates are supposed to be closely aligned with the repo rate, which is the rate at which the RBI lends to banks.

from Banking/Finance-Industry-Economic Times https://ift.tt/iXW5v7T
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