The Hindu Business Line : Call rates ease

For the second day running, banks did not borrow from the RBI under the repo facility. The call rate eased to 6.30 per cent-6.50 per cent (6.7-6.9). The central bank's intervention in the forex market, increase in Government spending, as well as coupon related interest payments of Rs 3,000 crore helped ease liquidity, dealers said.

In the first three-day reverse-repo auction under LAF, the RBI received and accepted two bids for Rs 35 crore. The RBI received and accepted five bids for Rs 1,715 crore in the second three-day reverse repo auction. The CBLO market saw 437 trades aggregating to Rs 25,525.65 crore in the 5.50 per cent-6.15 per cent range.

More Stories on : Short Term Instruments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Go to the root of currency instability

Forex reserves rise $995 m

Rupee ends flat

i-flex now eyes Europe, China for acquisitions

BoB signs MoU with Hero Honda

Indian Bank IPO subscribed by 32 times

Corp Bank's facility in Mangalore

Kerala to become `total banking State' by June

IFCI staff seek merger with IDBI Bank

Gilts oversubscribed at Rs 9,000-cr auction

Call rates ease

With higher interest rates, banks ask FD investors to look at SIPs

ICICI, Austria-based bank in pact