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Tuesday, Mar 28, 2006


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Money & Banking - Short Term Instruments


Call rate closes at 6-6.25 pc

Our Bureau

Mumbai, March 27

The call rate closed at 6-6.25 per cent (6.6-6.8). There was significant improvement in liquidity, as expenditure of the the government is believed to be entering the system. In the one-day repo, under the liquidity adjustment facility, RBI accepted eight bids, amounting to Rs 2,920 crore. In the second auction, the central bank accepted five bids for Rs 1,575 crore through the reverse-repo and one bid for Rs 500 crore in the repo. The CBLO market saw 400 trades, aggregating to Rs 21,845.25 crore in the range of 5.55-6.46 per cent.

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