Which of the following statements is/are correct?
I. Under Overnight Repo, the banks may borrow only for up to 24 hours.
II. Under Overnight Repo a bank can borrow a maximum amount which is not more than 0.25 % of its NDTL.
III. Term Repo may not have a maturity period of more than 90 days.
Explanation: All of the given statements are correct.
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