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Money & Banking - Short Term Instruments
Call rates end higher

Our Bureau

Mumbai, April 16

Call rates closed higher on Monday at 9.50-10.50 per cent against the previous close of 5- 5.25 per cent. The Reserve Bank of India lent to banks Rs 13,815 crore through its repo window while banks parked Rs 220 crore under the reverse repo with the central bank.

In the first one-day reverse repo auction, RBI received and accepted two bids for Rs 210 crore. In the first one-day repo auction, RBI received and accepted one bid for Rs 400 crore. In the second one-day reverse repo auction, RBI received and accepted one bid for Rs 10 crore. In the second one-day repo auction, RBI received and accepted 34 bids for Rs 13,415 crore. The CBLO market saw 424 trades aggregating Rs 16,747.75 crore in the 3.05 per cent-9.50 per cent range.

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