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Our Bureau

Mumbai, March 9

Call rates were steady on Thursday given the improving liquidity. Injection into the system by the Reserve Bank of India was gradually decreasing, dealers said. In the first one-day auction under the LAF, RBI did not receive any bids for reverse repo, but it received and accepted 14 bids for Rs 5,690 crore in the repo auction. In the second auction, RBI received and accepted two bids for Rs 50 crore in reverse repo and five bids for Rs 760 crore in the repo auction. In the CBLO market, there were 307 trades for Rs 2,18,266.5 crore in the rate range of 6.39-6.5 per cent.

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