The Hindu Business Line : Call rates rule high

Call rates jumped to 7.8-7.9 per cent on Wednesday, against 7.25-7.35 per cent earlier, on fund shortage. They touched an intra-day high of eight per cent.

In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted four bids for Rs 160 crore.

In the first one-day repo auction it received and accepted 18 bids for Rs 5,590 crore. In the second one-day reverse repo auction, the apex bank accepted and received seven bids for Rs 4,915 crore, while it received and accepted three bids for Rs 795 crore in the second one-day repo auction. The CBLO market saw 397 trades aggregating to Rs 21,335 crore in the 6.9-7.9 per cent range.

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