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Mumbai, June 28

The inter-bank call rates closed at 7.5-8 per cent on Thursday higher than the previous close of 6.75-7 per cent. The call rates were ruling at a low of 2.75-3.25 per cent on Monday. “The system has turned into a deficit mode,” said a dealer with a private bank. The Reserve Bank of India did not receive any bids through the first one-day reverse repo auction. In the first one-day reverse repo auction, the RBI received and accepted five bids for Rs 2,500 crore. In the second one-day reverse repo auction, the central bank received and accepted two bids for Rs 10 crore. In the second one-day repo auction, the central bank received and accepted twelve bids for Rs 6,975 crore. The CBLO market saw 370 trades aggregating Rs 23,082.55 crore in the 7.01-7.95 per cent range. —

Our Bureau

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