Business Daily from THE HINDU group of publications
Friday, Nov 16, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Nov 16, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Call rates close higher Mumbai, Nov 15 Call rates closed higher for the fourth consecutive day, at 7.85-8 per cent on Thursday, against the previous close of 7.75-8 per cent. While the banks borrowed Rs 21,580 crore from the Reserve Bank of India through the repo window, they did not park any funds with the central bank. Dealers feel that the high call rates would have prompted banks to borrow funds from the RBI through the repo window at 7.75 per cent. In the first one-day repo auction, the central bank received and accepted 28 bids for Rs 21,580 crore. There was no reverse repo bid. The CBLO market saw 426 trades aggregating Rs 25,083.85 crore in the 7.67-7.86 per cent range. - Our Bureau More Stories on : Short Term Instruments
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