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Tuesday, Mar 13, 2007
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Money & Banking - Short Term Instruments
Call remains steady

Our Bureau

Mumbai, March 12

Banks placed excess cash of Rs 32,820 crore with the RBI and the central bank accepted Rs 3,000 crore under the modified liquidity adjustment facility. Call closed at 5.20-5.40 per cent today against previous close at 5.40-5.60 per cent on Friday.

In the first one-day reverse repo auction, the RBI received twenty-one bids for Rs 19,170 crore, while it accepted Rs 1,999 crore. In the second one-day reverse repo auction, the RBI received seventeen bids for Rs 13,650 crore, while it accepted Rs 1,999 crore. There were no repo bids. The CBLO market saw 421 trades aggregating Rs 25,492.95 crore in the 4.02-6.20 per cent range.

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