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Money & Banking - Short Term Instruments


Call rates fall on better liquidity

Our Bureau

Mumbai, April 4

Call rates fell below 6 per cent and ended close to 5.75 per cent (6 per cent) on improved liquidity. In the one-day reverse repo, under the liquidity adjustment facility, RBI accepted eight bids, amounting to Rs 4,300 crore and one bid for Rs 65 crore in the repo auction. In the second auction, the central bank accepted 26 bids for Rs 17,740 crore through the reverse repo and two bids for Rs 60 crore through the repo auction. The CBLO market saw 282 trades, aggregating to Rs 15,226.35 crore in the rate range of 3.5 to 6.51 per cent.

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