Business Daily from THE HINDU group of publications Saturday, Aug 11, 2007 ePaper |
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Money & Banking
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Short Term Instruments Call rates steady
Mumbai, Aug. 10 Call rates were comfortable at 6.15-6.3 per cent (6.10- 6.3 per cent). In the three-day reverse repo auction under the Liquidity Adjustment Facility, the RBI received and accepted 12 bids for Rs 19,625 crore. There were no repo bids. Dealers said the low amount under the LAF was surprising, as it was as high as Rs 52,070 crore at the beginning of the week. "People are anticipating a liquidity shortage because of which they are cautious," said a bond dealer. The Collateralised Borrowing and Lending Obligation (CBLO) market saw 447 trades aggregating to Rs 35,345.6 crore in the 4.45 -6 per cent range. - Our Bureau
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