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Wednesday, Mar 07, 2007
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Money & Banking - Short Term Instruments
Call rates steady

Our Bureau

Mumbai, March 6

Call rates were steady at 5.20-5.30 per cent (5-5.25).

In the first one-day reverse repo auction, the RBI received 25 bids for Rs 15,400 crore, but accepted only 25 bids for Rs 2,000 crore (against the limit of Rs 2,000 crore). In the second one-day reverse repo auction, it received 17 bids for Rs 7,425 crore, but accepted only 17 bids for Rs 994 crore (limit Rs 1,000 crore). There were no repo bids. The CBLO market saw 393 trades aggregating to Rs 25,353.95 crore in the 4.84-6.60 per cent range.

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GE Energy sets up office in India


Changing paradigms for development banking
Fed cut looms large
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DLF readies for foray into life insurance
Canara Bank hires E&Y for insurance biz plan
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`Banks, FIs must explain loan refusals'
UCO Bank bets on retail sales force
State plans infrastructure finance corpn for tourism
Funds disposal at SIDBI `swift'
Bond prices steady
Call rates steady
RBI seeks to limit inter-bank lendings
Chidambaram to address RBI board on Friday


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