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Saturday, Dec 16, 2006
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Money & Banking - Short Term Instruments
Call rates close higher

Our Bureau

Mumbai, Dec. 15

The call rate closed at 8-8.10 per cent (7.9-8 per cent). In the first three-day reverse repo auction under the liquidity adjustment facility, the Reserve Bank of India received and accepted seventeen bids for Rs 5,225 crore and there were no bids in the reverse repo auction.

In the second-three day repo auction, the apex bank received and accepted five bids for Rs 645 crore and in the reverse-repo auction, there were eight bids for Rs 2,780 crore. The CBLO market saw 427 trades aggregating Rs 23,075.9 crore in the 6.5-7.5 per cent range.

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