The Hindu Business Line : Call rates rule steady

The inter-bank call rates closed at 2.75-3.25 per cent on Wednesday against the previous close of 3-3.25 per cent. "The auction outflows have not been able to suck out the surplus liquidity from the system. The advance tax outflows of about Rs 25,000 crore scheduled for this week might suck out the excess cash, bringing some balance to the situation," said a dealer with a private bank. The Reserve Bank of India received bids worth Rs 64,460 crore through the reverse repo window while the central bank mopped up bids worth Rs 2,997 crore under the two sessions of the liquidity adjustment facility. The RBI did not receive any bids through the repo window.

In the first one-day reverse repo auction, the RBI received 28 bids for Rs 32,580 crore while it accepted Rs 1,998 crore. In the second one-day reverse repo auction, the RBI received 30 bids for Rs 31,880 crore while it accepted Rs 999 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 377 trades aggregating Rs 33,378.05 crore in the 0.06 per cent-1 per cent range.

More Stories on : Short Term Instruments

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

Stories in this Section
Rupee turns weak by 23 paise

Birla Sun aims at higher growth

Bonds fall tracking US yields

OBC new branch in eastern region

Financial globalisation gathers momentum

Call rates rule steady

ICICI Bank readying Rs 8,750-cr follow-on public issue

New ED takes charge at Central Bank