Business Daily from THE HINDU group of publications Thursday, May 17, 2007 ePaper |
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Money & Banking
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Short Term Instruments Call rates end at 8.75% Our Bureau
In the first one-day repo auction under LAF, the RBI received and accepted 15 bids for Rs 9,825 crore. In the first reverse-repo auction, it received and accepted one bid for Rs 10 crore. In the second one-day repo auction, it received and accepted 23 bids for Rs 11,780 crore. In the second one-day reverse repo, the central bank accepted and received one bid for Rs 25 crore. The CBLO market saw 415 trades aggregating to Rs 20,102 crore in the 7.7-8.49 per cent range.
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