The Hindu Business Line : Call soars to 9.5-10%

With money turning scarce, the RBI today lent Rs 19,705 crore to banks under the repo facility (the central bank lends funds to banks against government paper) while the banks parked Rs 170 crore with the RBI. Call soared to close at 9.5-10 per cent on Friday against Thursday's close of 5.4-5.5 per cent.

In the first four-day reverse repo auction, the RBI received and accepted one bid for Rs 20 crore. In the first four-day repo auction, it received and accepted 20 bids for Rs 11,080 crore. In the second four-day reverse repo auction, the RBI received and accepted one bid for Rs 150 crore while in the second four-day repo auction, it received and accepted 17 bids for Rs 8,625 crore. The CBLO market saw 394 trades aggregating Rs 18,303.15 crore in the 3-8.96 per cent range.

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