The Hindu Business Line : Call rates end higher

The inter-bank call rate ended higher at 6.00-6.25 per cent, against the previous close of 4.75-5.00 per cent. According to market participants, the call rates are expected to reach 8.00-9.00 per cent once the CRR hike comes into force from July 5, as it will absorb additional funds from the system.

In the three-day repo auction under the liquidity adjustment facility, no bids were received. In the threeday reverse repo auction, the RBI received and accepted 18 bids worth Rs 11,700 crore. In the CBLO market, there were 481 trades amounting to Rs 30,779.40 crore in the rate range of 0.50-8.50 per cent. - Our Bureau

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