.......The RBI pushed up the rate at which it lends money to banks by 200 basis points to 10.25 per cent. The marginal standing facility, which is the rate at which banks borrow additional funds from the RBI, will now be at 10.25 per cent. To make these measures bite, the RBI also limited the sum banks can borrow at the softer rate of 7.25 per cent to Rs 75,000 crore per day with effect from Wednesday........
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