The Hindu Business Line : Call rates close higher

Call rates closed higher at 7-7.25 per cent against the previous close of 6-6.25 per cent. Dealers expect liquidity to tighten tomorrow as it is reporting Friday and also the last working day before the half-yearly closing for banks. Therefore, most banks would not be willing to lend. “Call rates may touch 9-10 per cent tomorrow as banks could resort to short term loans in order to dress up their balance sheets. But, as of now, there is liquidity and the outflow has not happened to extent that was expected,” said a dealer with a public sector bank. In the one-day reverse repo auction, the RBI received and accepted five bids for Rs 28,180 crore. There were no repo bids. The CBLO market saw 557 trades aggregating Rs 35,308.15 crore in the rate range of 5.25-7.5 per cent.

– Our Bureau

More Stories on : Short Term Instruments

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

Stories in this Section
‘Higher rupee both problem and opportunity for exporters’

Auto parts makers insist on currency fluctuation clause

Rupee sees choppy movement

Max NY Life launches ‘Smart Steps’

IRDA sets up panel on distribution channels

ICICI Lombard, Nabard to farmers’ rescue

RelComm ties up with ING Vysya

PNB to upgrade two offices abroad

Bond market range-bound

ICICI Bank bonds fully subscribed

Banks reach out to urban needy via SHGs

Call rates close higher

Old Mutual may manage Kotak MFs abroad

Sam Ghosh elevated in Allianz group

Travails of a depositor