RBI gets bids worth Rs 48,856 crore for Rs 25,000 cr LTRO
The RBI received 37 bids in the LTRO with a reversal date on March 7, 2023. "The total bids that were received amounted to Rs 48,856 crore, implying a bid to cover ratio (i.E., the amount of bids received relative to the notified amount) of 2," RBI said in a release.
RBI on Monday said it has received Rs 48,856 crore of bids in the fourth long-term reverse repo operation (LTROs) conducted for an amount of Rs 25,000 crore with a 3-year tenor, Photo: Reuters