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Mumbai, Sept, 17

The inter-bank call rate closed lower at 10.10-10.20 per cent, against the previous close of 11-11.50 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 24 bids worth Rs 29,815 crore. There were no reverse repo bids. The Reserve Bank had announced yesterday that it would conduct a second LAF daily to ease the liquidity conditions in the market till further notice. In the one-day repo auction under the se cond LAF, the RBI received and accepted 36 bids for Rs 29,665 crore. There were no reverse repo bids in this auction also. In the CBLO market, there were 342 trades amounting to Rs 16,206.55 crore in the rate range of 8.87-10 per cent.

— Our Bureau

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