Bids for India’s First Long-Term Repo Exceed Size Eightfold
Shaktikanta Das, governor of the Reserve Bank of India, gestures during a news conference. (Photographer: Dhiraj Singh/Bloomberg)

Bids for India’s First Long-Term Repo Exceed Size Eightfold

(Bloomberg) -- Investor demand for India’s first long-term repo operation exceeded the funds on offer by nearly eight times, as lenders rushed to borrow cheaply from the central bank.
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