Business Daily from THE HINDU group of publications
Saturday, Jan 05, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Jan 05, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Call rates end lower Mumbai, Jan. 4 The inter-bank call rates closed lower at 4-4.25 per cent on Friday, against the previous close of 6.10- 6.25 per cent backed by surplus cash in the system. Banks parked surplus cash to the tune of Rs 32,275 crore with the Reserve Bank of India. In the first three-day reverse repo auction, the RBI received and accepted 33 bids for Rs 32,275 crore. There was no repo bid. The CBLO market saw 495 trades aggregating Rs 31,073.45 crore in the 0.10-5.95 per cent range. - Our Bureau
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