The Hindu Business Line : Call rates end low at 0.3-0.5%

The inter-bank call rates dropped to close at a low of 0.3-0.5 per cent today against the previous close of 0.4-0.6 per cent due to surplus cash in the system. "The high liquidity in the system will continue to remain," said Mr M.S. Sundara Rajan, Chairman and Managing Director, Indian Bank, at the sidelines of the Skoch Financial Technologies Summit here today.

Banks placed bids worth Rs 1,02,845 crore with the RBI under the two auctions of the Liquidity Adjustment Facility through the reverse repo window while the central bank accepted Rs 2,997 crore. The central bank did not receive any bids through the repo window. In the first one-day reverse repo auction, the RBI received 41 bids for Rs 56,745 crore while the central bank accepted Rs 1,998 crore. In the second one-day reverse repo auction, the RBI received 40 bids for Rs 46,100 crore while it accepted Rs 999 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 185 trades aggregating Rs 14,781.95 crore in the 0.01-0.15 per cent range.

More Stories on : Short Term Instruments

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
South Malabar bank to adopt 8 villages

The yuan-dollar charade

Rupee ends flat

Insurance cos told to raise rural, urban poor coverage

SMS alert facility extended

IOB saw many a change under Narayanasami

Backstop facilities sought for PSUs borrowing

SBT hikes term deposit rates

Bonds shed 5 paise

Call rates end low at 0.3-0.5%

The deposit free lunch

SBI officers to strike on June 8