The Hindu Business Line : Call rates up

Call rates were between 6.40 and 6.60 per cent against Monday's 6.25-6.35 per cent. "The call rates continue to increase on low liquidity in the system due to advance tax payments," said a dealer at a private bank. The liquidity has been around Rs 4000 crore for the last two days. On September 15, the liquidity was at around Rs 22,000 crore.

In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 7 bids amounting to Rs 1,225 crore and in the second one-day reverse repo auction, 9 bids for Rs 2, 900 crore. The CBLO market saw 366 trades aggregating to Rs 21,972.15 crore in the 5.90-6.35 per cent range.

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