The Hindu Business Line : Call rates down 9%

Call rates closed lower at 9-9.25 per cent on Monday against the previous close of 9.50-10 per cent. The RBI lent to banks Rs 9,990 crore through the repo window, while banks parked Rs 235 crore under the reverse repo with the central bank.

In the first one-day reverse repo auction, the RBI received and accepted two bids for Rs 120 crore. In the first one-day repo auction, the RBI received and accepted 13 bids for Rs 5,200 crore. In the second one-day reverse repo auction, it received and accepted two bids for Rs 115 crore. In the second one-day repo auction, it received and accepted 15 bids for Rs 4,790 crore. The CBLO market saw 387 trades aggregating Rs 19,302.60 crore in the 7.40 per cent-8.90 per cent range.

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