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Our Bureau

Mumbai, Feb. 19

Call rates soared to 7.90-8.10 per cent today against the previous close of 6.25-6.50 per cent with the first phase of the CRR hike kicking in on Feb.17. Some banks parked Rs 85 crore with the RBI while others borrowed Rs 8, 795 crore from the central bank. In the first one-day reverse repo auction, RBI received and accepted two bids for Rs 30 crore while in the first one-day repo auction, RBI received and accepted fourteen bids for Rs 4,435 crore.

In the second one-day reverse repo auction, the RBI received and accepted three bids for Rs 55 crore and in the second one-day repo auction, it received and accepted eleven bids for Rs 4,360 crore. The CBLO market saw 367 trades aggregating to Rs 23,151.30 crore in the 7.41 - 7.65 per cent range.

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