The Reserve Bank of India on Monday cut the marginal standing facility rate by 50 basis points to 9.0 percent, further trimming an overnight rate that it had pushed up as an emergency measure in mid-July in order to prop up the battered rupee.
Monday's cut in the MSF rate follows a 75 bps cut in the rate last month. The RBI's 200 bps increase in the MSF rate in July had tightened short-term market liquidity.
|Gold Rate in Chennai||Rs. 28860.00 (-0.31%)|
|Gold Rate in Mumbai||Rs. 29780.00 (-0.23%)|
|Gold Rate in Delhi||Rs. 29300.00 (-1.01%)|
|Gold Rate in Kolkata||Rs. 29830.99 (-1.12%)|
|Gold Rate in Kerala||Rs. 28000.00 (-0.53%)|
|Gold Rate in Bangalore||Rs. 28400.00 (-0.87%)|
|Gold Rate in Hyderabad||Rs. 28860.00 (-0.41%)|