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Money & Banking - Short Term Instruments
Call rates edge up

Mumbai, May 29

Inter-bank call rates ended higher at 7.8-8 per cent from the previous close of 7.5-7.75 per cent, due to the tightness in the liquidity. According to bank officials, tightness in the liquidity is likely to continue for some time. In the one-day repo auction under the liquidity adjustment facility, the Reserve Bank of India received and accepted 22 bids for Rs 20,790 crore. There were no reverse bids, which is an indication of the liquidity squeeze. In the CBLO market, the re were 484 trades amounting to Rs 45,6605.75 crore in the rate range of 7.02-7.8 per cent.

— Our Bureau

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