The Hindu Business Line : Call rates end sharply lower

The call rates closed at 4-4.25 per cent, sharply lower than the previous close of 8-8.10 per cent, due to higher than expected inflation. Liquidity continued to be tight as the Reserve Bank of India received and accepted four bids for Rs 5,000 crore in the three-day repo auction. There were no reverse repo bids. In the CBLO market, there were 507 trades amounting to Rs 36,466.35 crore in the rate range of 2.5-8.05 per cent. - Our Bureau

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