The Reserve Bank of India (RBI) injected Rs 361.35 billion via 2-days repo auctions held on Sep. 29, 2008. However, reverse repo auctions remained suspended for the day.At the auction conducted under the second liquidity adjustment facility, the central bank received 47 bids for the 2-days repo auctions which were all accepted.

On the previous working day, i.e. Sep. 26, 2008, the RBI injected Rs 130.95 billion for the 3-days repo auctions via 27 bids and RBI absorbed Rs 1200 million...