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Money & Banking - Short Term Instruments
Call rates remain firm

Mumbai, Nov. 20

The inter-bank call rates closed almost unchanged at 7.7-7.85 per cent against the previous close of 7.75-8 per cent. In the first one-day repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 10 bids for Rs 8,045 crore. There were no reverse repo bids, indicating that liquidity is under pressure, due to which banks are borrowing money from RBI, said bond dealers. The CBLO market saw 478 trades aggregating Rs 34,471.75 crore in t he 7.62-8 per cent range. —

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