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Tuesday, Aug 26, 2008
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 Money & Banking - Short Term Instruments
Call rates close lower

Mumbai, Aug 25

Call rates closed substantially lower at 9.00-9.15 per cent, against the previous close of 9.65-9.75 per cent due to slight easing in liquidity. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 23 bids for Rs 20,165 crore. There were no reverse repo bids. In the CBLO market, there were 426 trades amounting to Rs 24,232.15 crore in the rate range of 8.55-9.15 per cent. - Our Bureau

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