October 7, 2013 9:00 PM
RBI cuts MSF rate by 0.5 % to improve liquidity
The Reserve Bank of India (RBI) reduced the Marginal Standing Facility (MSF) rate to 9 per cent from 9.5 per cent on Monday to improve liquidity in the system. In a release issued from Mumbai on Monday the RBI said that the decision was taken after a review of evolving liquidity conditions. MSF allo...