The Hindu Business Line : Call rates close at 0.5-0.6%

The inter-bank call rates closed at 0.5-0.6 per cent on Tuesday, lower than the previous close of 1.5-2 per cent backed by surplus cash in the system. The Reserve Bank of India received bids worth Rs 90,445 crore from banks through the reverse repo window under the two sessions of Liquidity Adjustment Facility while it accepted bids to the tune of Rs 2,990 crore. The RBI did not receive any bids through the repo window. In the first one-day reverse repo auction, the RBI re ceived 42 bids for Rs 57,540 crore while it accepted Rs 1,999 crore. In the second one-day reverse repo auction, the central bank received 33 bids for Rs 32,905 crore while it accepted Rs 991 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 319 trades aggregating Rs 31,303.35 crore in the 0.01-0.15 per cent range. —

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Call rates close at 0.5-0.6%