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How is MSF calculated?

By IndianMoney , 5 months ago

1. The daily limit for repo borrowing is 0.25% of the NDTL. In the case MSF, banks can borrow funds up to one percent of their NDTL, at a rate of one percent higher than the repo rate. 2. The rate of interest and amount of borrowing can change depending upon the monetary policy decisions by the RBI.

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