The Hindu Business Line : Call rates ease to 4-4.25%

The inter bank call rate eased to 4-4.25 per cent (5.75-6). "The surplus cash in the system has made its way to the call money market," said a dealer at a private bank. In the first one-day reverse repo auction, the RBI received 20 bids for Rs 18,275 crore while it accepted only Rs 2,000 crore.

In the second one-day reverse repo auction, the central bank received 20 bids for Rs 14,995 crore while it accepted Rs 994 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 526 trades aggregating Rs 27,671.45 crore in the 1.35-5 per cent range.

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