The Hindu Business Line : Call rates rule at 13-15%

Call rates ruled at 13-15 per cent, higher than the previous close of 11-12 per cent on tight liquidity. "The market expects the liquidity to tighten further as the RBI will suck out Rs 6,000 crore through an MSS auction this week," said a dealer at a private bank. Banks borrowed Rs 36,760 crore from the RBI through the repo window.

In the first two-day repo auction under LAF, the central bank received and accepted 39 bids for Rs 29,495 crore. In the second two-day repo auction, it received and accepted 18 bids for Rs 7, 265 crore. In the second (there was no reverse repo in the morning) reverse repo auction, it accepted and received one bid for Rs 40 crore. The CBLO market saw 392 trades aggregating to Rs 17, 051.30 crore in the 7.31-9.25 per cent range.

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