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Money & Banking - Short Term Instruments
Call rates at 6.5-6.7 pc

Our Bureau

Mumbai, Jan. 4

Call ruled at 6.5-6.7 per cent against 6.25-6.75 per cent on Wednesday. Banks placed Rs 10,915 crore with the RBI in the second reverse-repo auction and borrowed Rs 1,080 crore through its first and second repo auctions.

In the first one-day reverse-repo auction under LAF, the RBI did not receive any bid and in the first one-day repo auction, it received and accepted four bids for Rs 1,010 crore. In the second one-day reverse-repo auction, the RBI accepted and received 26 bids for Rs 10,915 crore and in the second one-day repo auction, it received and accepted one bid for Rs 70 crore. The CBLO market saw 351 trades aggregating Rs 16,245.15 crore in the 5.87-6.17 per cent range.

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