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Money & Banking - Short Term Instruments
Call rates drop

Our Bureau

Mumbai, Feb. 23

Call rates closed at 6.20-6.40 per cent on Friday against the previous close of 6.40-6.50 per cent. In the first three-day reverse repo auction on Friday, the RBI received and accepted four bids for Rs 385 crore. In the second three-day reverse repo auction, the RBI received and accepted eleven bids for Rs 6,555 crore. There were no repo bids in the first and second three-day repo auction. The CBLO market saw 367 trades aggregating to Rs 21,067.45 crore in the 6.10-6.25 per cent range.

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