The Hindu Business Line : Call rates rule at 8-8.25 pc

Banks today borrowed over Rs 18,000 crore from the RBI at 7.25 per cent even as the call rates ruled at 8-8.25 per cent against the previous close of 8.25 per cent- 8.50 per cent on Tuesday.

In the first one-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 20 crore and in the first one-day repo auction, the bank received and accepted 15 bids for Rs 6,930 crore. In the second one-day reverse-repo auction, the bank accepted and received seven bids for Rs 830 crore and in the second one-day repo auction, the central bank received and accepted 22 bids for Rs 11,380 crore. The CBLO market saw 326 trades aggregating Rs 19, 828.35 crore in the 7.15 per cent-7.50 per cent range.

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