The Hindu Business Line : Call rates fall to 6.7-7%

Call rates declined to 6.75-7 per cent against the previous close of 7.8-7.9 per cent on Tuesday. "Liquidity seems to have improved in the banking system but the market is sceptic over its continuation, " said a dealer at a private bank. In the first one-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 15 crore and in the first one-day repo auction, it received and accepted five bids for Rs 3,285 crore. In the second one-day reverse repo auction, the RBI accepted and received five bids for Rs 100 crore and in the second one-day repo auction, it received and accepted one bid for Rs 1,500 crore. The CBLO market saw 450 trades aggregating Rs 23,348.35 crore in the 6.05-7.49 per cent range.

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