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Friday, May 04, 2007
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Money & Banking - Short Term Instruments
Call rates end lower

Our Bureau

Mumbai, May 3

Call rates closed lower at 8.25-8.50 per cent on Thursday against the previous close of 9-9.25 per cent. The RBI lent to banks Rs 7,605 crore through the repo window while banks parked Rs 35 crore under the reverse repo with the central bank.

In the first one-day reverse repo auction, the RBI received and accepted one bid for Rs 25 crore. In the first one-day repo auction, the RBI received and accepted ten bids for Rs 4,380 crore.

In the second one-day reverse repo auction, the RBI received and accepted one bid for Rs 10 crore. In the second one-day repo auction, the RBI received and accepted eleven bids for Rs 3,225 crore. The CBLO market saw 398 trades aggregating Rs 17,940.35 crore in the 6.25-7.75 per cent range.

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