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Tuesday, Jun 17, 2008
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 Money & Banking - Short Term Instruments
Call rates close lower

Mumbai, June 16

Call rates close slightly lower at 8-8.1 per cent (8-8.25 per cent). But liquidity continued to remain tight as the Reserve Bank of India received and accepted seven bids in the one-day reverse repo auction amounting to Rs 5,620 crore. There were no repo bids. In the CBLO market, there were 559 trades amounting to Rs 47,603.35 crore in the rate range of 6-8 per cent. - Our Bureau

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