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Wednesday, May 09, 2007
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Money & Banking - Short Term Instruments
Call rates end lower

Our Bureau

Mumbai, May 8

Banks placed bids worth Rs 28,595 crore with the RBI through the reverse repo window, while the central bank accepted Rs 3,000 crore. The RBI lent to banks Rs 30 crore under the repo window. Call closed lower at 4.50 - 4.75 per cent on Tuesday against the previous close of 6.25 - 6.50 per cent.

In the first one-day reverse repo auction, the RBI received 17 bids for Rs 17,260 crore while it accepted Rs 1,998 crore. There was no repo bid in the first one - day auction. In the second one - day reverse repo auction, it received 11 bids for Rs 11,335 crore while it accepted Rs 1,002 crore. In the first one - day repo auction, the RBI received and accepted one bid for Rs 30 crore. The CBLO market saw 442 trades aggregating Rs 21,110.90 crore in the 2.03 - 5.25 per cent range.

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