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Money & Banking - Short Term Instruments
Call rates move up

Mumbai, Jan 3

Call rates closed higher at 6.1-6.25 per cent against the previous close of 2.5-3 per cent. According to a bond dealer with a public sector bank, traders may have borrowed in the early part of the day, which pushed the call rates up. Subsequently, the excess money may have come to the RBI, he said. In the first one-day reverse repo auction under Liquidity Adjustment Facility, the RBI received and accepted 38 bids for Rs 40,360 crore. There were no repo bids. The CBLO marke t saw 553 trades aggregating Rs 41,888.85 crore in the 3.10-6.25 per cent range.

— Our Bureau

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