The Hindu Business Line : Call rates end lower

The inter-bank call rates closed marginally lower at 7.75-8 per cent on Wednesday, against the previous close of 7.90-8.05 per cent. Dealers said that the liquidity is tight, which is putting a pressure on the call rates. Banks borrowed to the tune of Rs 20,000 crore from the Reserve Bank of India under the liquidity adjustment facility. "There is a cash shortage in the system because of the huge mismatch between demand and supply of dollars," said a dealer at a private bank. In the first oneday reverse repo auction, the RBI received and accepted one bid for Rs 750 crore. In the first one-day repo auction, the RBI received and accepted 15 bids for Rs 20,905 crore. The CBLO market saw 458 trades aggregating Rs 37,062.05 crore in the 7.50-7.80 per cent range. - Our Bureau

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