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RBI To Conduct Rs.60,000 Crore Special Auction Monday

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The Reserve Bank of India will conduct a special fixed rate term repo auction for Rs. 60,000 crore on Monday, with a view to enabling banks to meet the liquidity requirements of mutual funds, non-banking financial companies and housing finance companies, it said in a statement. The reversal of the auction will be on August 31,2009.

(Market News Provided by RTTNews)

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