The Hindu Business Line : Call rates end higher

Call rates closed higher at 8.25-8.5 per cent (8-8.1 per cent) for the second day in a row, following the second hike in CRR by 25 basis point. In the first one-day repo auction under LAF, the RBI received and accepted 21 bids for Rs 8,195 crore. In the second one-day reverse-repo auction, it accepted and received five bids for Rs 140 crore and in the repo auction, it received and accepted 23 bids for Rs 9,940 crore. The CBLO market saw 332 trades aggregating Rs 18,459.20 crore in the 7.5-7.21 per cent range.

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