The Hindu Business Line : Call rates close higher

The inter-bank call rates closed higher at 6.20-6.30 per cent on Friday against the previous close of 6-6.05 per cent. In the first three-days reverse repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted six bids for Rs 1,155 crore. In the first one-day repo auction, the RBI received and accepted one bid for Rs 200 crore. The central bank conducted an additional LAF arrangement on Friday for smooth liquidity management. In the additional LAF, the RBI received and accepted 17 bids for Rs 5,370 crore through the reverse repo window. There was no repo bid. The CBLO market saw 549 trades aggregating Rs 41,345.05 crore in the 3-7 per cent range. - Our Bureau

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