Business Daily from THE HINDU group of publications
Friday, Dec 14, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 14, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Call rates marginally down Mumbai, Dec. 13 Call rates closed marginally down at 7.65-7.75 per cent against the previous close of 7.8-8.0 per cent. However, it touched a high of 8.05 per cent during day trade. In the one-day reverse repo auction under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted one bid for Rs 10 crore. The RBI also received and accepted 19 repo bids for Rs 15,570 crore. This indicated the pressure on liquidity, as more banks borrowed money from the RBI. The CBL O market saw 515 trades aggregating Rs 39,323.30 crore in 7.32-7.8 per cent. — Our Bureau More Stories on : Short Term Instruments
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