The Hindu Business Line : Call rates up as liquidity dips

Call rates changed after four weeks and were between 6.05 per cent and 6.15 per cent on Monday against 6-6.10 per cent on Friday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 15 bids amounting to Rs 14,580 crore, and in the second one-day reverse repo auction, 20 bids for Rs 9,940 crore. There were no repo bids. "Low liquidity in the market pushed up the call rates," said a dealer at a private bank. The liquidity was around Rs 24,520 after being over Rs 30,000 crore for most of last week. "The auction of Rs 8,000 crore also piushed up call rates," the dealer said. The CBLO market saw 317 trades aggregating to Rs 17,711.10 crore in the 5.80-6.06 per cent range.

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