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Money & Banking - Short Term Instruments
Call rate ends lower

Mumbai, July 21

The inter-bank call rate closed lower at 9.40-9.50 per cent, against the previous close of 9.50-9.75 per cent. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 44 bids worth Rs 52,315 crore. With the second phase of the CRR hike coming into effect from July 19, liquidity was tight. There were no reverse repo bids. In the CBLO market, there were 410 trades amounting to Rs 21,878 crore in the rate range of 6.00-8.85 per cent.

— Our Bureau

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