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Saturday, Nov 11, 2006
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Money & Banking - Short Term Instruments
Call rates steady

Our Bureau

Mumbai, Nov 10

Call rates ruled between 6.6 per cent and 6.7 per cent (6.65 per cent-6.75 per cent). In the first three-day reverse-repo auction under LAF, the RBI received and accepted three bids amounting to Rs 640 crore and 23 bids for Rs 8,320 crore in second auction. There were no repo bids.

"Liquidity is improving as RBI is infusing rupees into the forex market," said a bond dealer. The CBLO market saw 334 trades aggregating to Rs 16,824 crore in the 2.50-6.25 per cent range.

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