Kick off with an overflowing till
After a fortnight of year-end blues, funds will return to the banking system this week.
On Monday itself, Rs 27,880 crore will be released on account of the redemption of the three-day repo held on Friday.
Plus there is a fresh inflow of Rs 6,860.8 crore on account of redemption of 11.10 per cent 2003 gilt, another Rs 809.3 crore through coupon for 2009 paper and also Rs 145.7 crore through coupon for 12.30 per cent 2007 state loan.
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On Thursday there will be Rs 688 crore inflows, thanks to the redemption of a 91-day treasury bill and coupon payment for the 11.68 per cent 2006 gilt.
The net result is that the Reserve Bank of India