The Hindu Business Line : Call rates decline to 6.7-6.9%

Banks did not borrow from the RBI under the repo window. There were no bids in the first one-day and second one-day repo auction under LAF. "The RBI's continuous intervention in the market has improved the liquidity in the system. Increased government expenditure and coupon inflows of around Rs 3,000 crore also helped liquidity to improve," said a dealer at a private bank. Call rates fell to 6.7-6.9 per cent against 6.75-7 per cent on Wednesday.

In the first one-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 15 crore. The RBI received and accepted 10 bids for Rs 2,985 crore in the second one-day reverse repo auction. The CBLO market saw 417 trades aggregating to Rs 23,823.55 crore in the 5.95 per cent-7 per cent range.

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