Business Daily from THE HINDU group of publications Tuesday, Oct 14, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Short Term Instruments Call rate ends at 9.75-10% Mumbai, Oct. 13 The inter-bank call rate ended at 9.75-10 per cent, against the previous close of 9.50-10 per cent. With the 150 basis points CRR cut coming into effect from Saturday, liquidity in the system has eased after the injection of Rs 60,000 crore. Call rates are hovering around 10 per cent, compared to a high of 22 per cent last week. In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 33 bids worth Rs 35,600 crore. Ther e were no reverse repo bids. In the one-day repo auction under the second LAF, the RBI received and accepted 29 bids for Rs 23,975 crore. In the one-day reverse repo auction under SLAF, the RBI received and accepted 3 bids for Rs 4,135 crore. In the CBLO market, there were 360 trades amounting to Rs 19,120.35 crore in the rate range of 8.85-9.25 per cent. — Our Bureau More Stories on : Short Term Instruments
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