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Money & Banking - Short Term Instruments
Call rates firmer, liquidity improves

Our Bureau

Mumbai, Sept. 21

Call rates were firmer at 6.30-6.40 per cent (6.60-6.80 per cent). Liquidity also improved to Rs 13,415 crore from Rs 8,625 crore on Wednesday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted six bids amounting to Rs 5,485 crore and in the second auction, eight bids for Rs 7,930 crore. " I feel the RBI will wait till liquidity returns to the market before they release the government auction calendar," said a dealer. The CBLO market saw 329 trades aggregating to Rs 17,527 crore in the range of 6-6.45 per cent.

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