The 20 billion in excess liquidity and 5.
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0 billion in the term auction represent about 200 million US dollars.
The rupee was quoted at 131.70/80 in the spot-next market where settlement is made three days later, about 5/10 cents weaker from a day earlier.
On Friday the central bank called auctions to sell outright 3.
5 billion rupees in Treasuries matting in 11 days outright and 6.0 billion rupees maturing in 18 days.
Another overnight auction for 20 billion rupees was also called. Wednesdays Treasuries auction settlement falls today.
To the extent that the Central Bank's Treasury bill stock is sold down to the banking system, it will be able to curtail potential domestic credit and conserve foreign reserves.
The liquidity built up after the central bank credit was used to repay maturing government bonds.