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Call rates still above 7 per cent

Our Bureau

Mumbai, March 21

Call rates were still above 7 per cent as liquidity continued to be tight after the advance tax outflow. Call rates were around 7-7.25 per cent (7.25 per cent). However, there were talks that the State Bank of India was lending in the overnight call market at 6.5 per cent, said a dealer with a private bank.

In the one-day reverse repo, under the liquidity adjustment facility, the RBI received and accepted one bid, amounting to Rs 100 crore and 23 bids for Rs 22,860 crore through the repo window. In the second auction, the RBI received and accepted two bids for Rs 75 crore through the reverse-repo and 12 bids for Rs 3,215 crore in the repo. The CBLO market saw 262 trades, aggregating Rs 18,160.3 crore in the rate range of 6.45-6.5. - Our Bureau

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