The Hindu Business Line : Call rates close higher

The inter-bank call rates closed higher at 7.75-7.85 per cent against the previous close of 6-6.25 per cent. The liquidity is under pressure said dealers. The banks borrowed Rs 4,240 crore from the Reserve Bank of India through the repo window. In the first one-day reverse repo auction under Liquidity Adjustment Facility, the RBI received and accepted one bid for Rs 750 crore. In the first one-day repo auction, the RBI received and accepted six bids for Rs 4,240 crore. The CBLO market saw 505 trades aggregating Rs 39,943.05 crore in the 6.90-7.87 per cent range. - Our Bureau

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