Business Daily from THE HINDU group of publications Saturday, Sep 20, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Short Term Instruments Call rate ends higher Mumbai, Sept. 19 The inter-bank call rate touched an intra day high of 15-15.5 per cent on tight liquidity conditions.The inter-bank call rate It touched an intra-day high of 15-15.5 per cent on tight liquidity conditions. The Reserve Bank of India injected more than Rs 80,000 crore into the system as banks borrowed to meet their three-day balance sheet requirements. In the three-day repo a uction under the first liquidity adjustment facility (LAF), the RBI received and accepted 47 bids worth Rs 59,135 crore. There were no reverse repo bids. In the three-day repo auction under the second LAF, the RBI received and accepted 30 bids for Rs 24,375 crore. In the three-day reverse repo auction under second LAF, the RBI received and accepted 1 bid for Rs 1,200 crore. In the CBLO market, there were 360 trades amounting to Rs 15,998.30 crore in the rate range of 9-14.5 per cent. — Our Bureau More Stories on : Short Term Instruments
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