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Wednesday, Mar 14, 2007
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Money & Banking - Short Term Instruments
Call rates rule unchanged

Our Bureau

Mumbai, March 13

Call rates ruled unchanged at 5.20-5.40 per cent on comfortable liquidity in the system. Banks offered to park Rs 34,115 crore with the RBI while the central bank accepted Rs 3,000 crore under the reverse repo facility. In the first one-day reverse-repo auction under LAF, the RBI received 20 bids for Rs 22, 745 crore and accepted 20 for Rs 1,997 crore.

In the second one-day reverse repo auction, the RBI received 14 bids for Rs 11, 370 crore and accepted 14 for Rs. 1,003 crore. There were no repo bids suggesting excess liquidity in the system. The CBLO market saw 433 trades aggregating to Rs. 26,010.15 crore in the 4.15 per cent-4.92 per cent range.

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