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Mumbai, June 29 The inter-bank call rates closed lower at 6-6.25 per cent on Friday against the previous close of 7.5-8 per cent. The call today opened at 9-9.5 per cent and saw an intra-day low of 3.25 per cent before closing the day at 6-6.25 per cent. “The banks had to cover for four days, so there was some borrowing in the morning which shot up the call rates. Call came down to 3.25 per cent once their requirements were met,” said a dealer with a private bank. The Reserve Bank of India did not receive any bids in the first four-day reverse repo auction. In the first four-day repo auction, the RBI received and accepted 16 bids for Rs 9,520 crore. In the second four-day reverse repo auction, it received 13 bids for Rs 4,005 crore while it accepted bids to the tune of Rs 1,000 crore. In the second four-day repo auction, the central bank received and accepted one bid for Rs 375 crore. The CBLO market saw 393 trades aggregating Rs 21,431.50 crore in the 0.5-8.5 per cent range. —

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