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Tuesday, May 22, 2007
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Money & Banking - Short Term Instruments
Call rates close at 7.9-8.1%

Our Bureau

Mumbai, May 21

Call rates ended at 7.9 per cent to 8.1 per cent on Monday against Friday's close of 8-8.25 per cent.

In the first one-day repo auction under LAF, the RBI received and accepted eight bids for Rs 2, 530 crore. There was no reverse-repo auction. In the second one-day repo auction, it received and accepted 18 bids for Rs 9,480 crore. In the second one-day reverse repo, it accepted and received two bids for Rs 295 crore. The CBLO market saw 440 trades aggregating to Rs 27,069.15 crore in the 7.4-7.85 per cent range.

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