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Money & Banking - Short Term Instruments


Call rates fall; liquidity improves

Our Bureau

Mumbai, March 24

Call rates were lower between 6.6 per cent and 6.8 per cent (6.90-7 per cent. Liquidity also improved.

In the three-day reverse repo, under the liquidity adjustment facility, RBI accepted one bid, amounting to Rs 70 crore and 18 bids for Rs 11,645 crore through the repo window. In the second auction, the central bank accepted four bids for Rs 1,385 crore through the reverse-repo and seven bids for Rs 1,605 crore in the repo. The CBLO market saw 334 trades, aggregating to Rs 21,078.45 crore in the range of 6.25-6.5 per cent.

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