The Hindu Business Line : Call rates ease

Call rates were tight at 6.5-6.6 per cent, though lower from the previous close (7.4-7.6 per cent). They have been on the higher side after the advance tax outflow as liquidity was under slight pressure, said a dealer.

Call rates may ease a bit this week to 6.25-6.3, he added. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted four bids amounting to Rs 2,755 crore and 10 bids amounting to Rs 14,270 crore in the second auction. There were no repo bids. The CBLO market saw 331 trades in the rate range of 5.8-6.45 per cent amounting to Rs 17,224.80 crore.

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