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Tuesday, Nov 11, 2008
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Money & Banking - Short Term Instruments
Call rates close lower

Mumbai, Nov. 10

Call rates closed lower at 7.50-7.75 per cent, as against the previous close of 8.00-8.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were five bids for Rs 1,835 crore. There were no reverse repo bids. In the one-day repo auction under the second LAF, the RBI received and accepted 11 bids for Rs 10,600 crore. In the one-day reverse repo auction under the second LAF, the RBI received and accepted 2 bids for Rs 25 crore. I n the 14-day special repo auction scheme for mutual funds under the LAF, no bids were received. In the CBLO market, there were 496 trades amounting to Rs 30,391.20 crore in the rate range of 6.65-7.75 per cent. —

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