The Hindu Business Line : Call rates lower

The overnight call rate closed at 6 per cent as against 6.60/70 on Thursday.In the first three-day auction under the LAF, RBI did not receive any bids for reverse repo, but it received and accepted 16 bids for Rs 6,790 crore in the repo auction. In the second auction, RBI received and accepted three bids for Rs 935 crore in reverse repo and four bids for Rs 1125 crore in the repo auction. In the CBLO market, there were 345 trades for Rs 23,317.5 crore in the rate range of 6.25-6.5 per cent.

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