The Hindu Business Line : Call rates end higher

The inter-bank call rates closed higher for the third consecutive day. The call rates ended at 7.75-8 per cent on Wednesday, against the previous close of 7.50- 7.75 per cent. The amount of funds borrowed by the banks from RBI through the repo window came down to Rs 1,780 crore (Rs 23,010 crore). "The call rates were zooming at 9-9.50 per cent on Monday, that could have prompted banks to borrow through the repo window, and this could be the reason for the high amount reflected in the repo figures," said a dealer with a private bank. Market participants feel that the liquidity would continue to remain comfortable and call rates would soon ease to 6-6.50 per cent range.

The RBI did not receive any bids through the reverse repo auction. In the first one-day repo auction, the RBI received and accepted two bids for Rs 1,780 crore. The CBLO market saw 478 trades aggregating Rs 28,431.50 crore in the 7.35-8 per cent. - Our Bureau

More Stories on : Short Term Instruments

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

Stories in this Section
‘Cash support, not bonds, will help loss-making RRBs’

Pension reforms most needed in India: Study

Rupee firmer by 11 paise

‘Market micro insurance via post offices’

Flexcube roll-out for Citi completed

GIC Housing Fin to add 30 offices this fiscal

Non-life market set to have 6 more players

ICICI Lombard bags award

Tight liquidity conditions likely to ease soon

Why does the American way fail in Japan and India?

Bond flat on liquidity pressure

Call rates end higher

Your family photo on your Deutsche Bank credit card

Religare, Corporation Bank tie up

SBI has strong case for rights issue, says Chidambaram