The Hindu Business Line : Call rates end lower

Call rates closed lower at 3.25 - 3.50 per cent on Wednesday against the previous close of 4.50 - 4.75 per cent. "There was easy liquidity in the system," said a dealer with a private bank.

Dealers expect the inter-bank call rates to inch up to 5 per cent levels by Friday and to 8 per cent next week as auctions worth Rs 12, 000 crore will mop up rupee funds. In the first one - day reverse repo auction, the RBI received 19 bids for Rs 18,740 crore while it accepted Rs 2,000 crore. There was no repo bid in the first one - day auction. In the second one - day reverse repo auction, it received 17 bids for Rs 14,770 crore while it accepted three bids for Rs 999 crore. In the second one - day repo auction, the RBI received and accepted one bid for Rs 150 crore. The CBLO market saw 491 trades aggregating Rs 22,779.90 crore in the 0.10 - 4 per cent range.

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