The Hindu Business Line : Call rate higher at 7.70-7.85%

Pressure on liquidity pushed the inter bank call rate to close higher at 7.70-7.85 per cent (6.5-6.6 per cent). In the one-day reverse repo auction under the liquidity adjustment facility, the RBI received and accepted five bids for Rs 1,635 crore. The central bank also received one bid for Rs 180 crore under the repo auction. In the CBLO market, there were 582 bids for Rs 45,016.35 crore in the rate range of 6.40-7.69 per cent.

— Our Bureau

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