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Money & Banking - Short Term Instruments
Call rate closes lower

Mumbai, Dec. 29

The inter-bank call rate closed lower at 5.20-5.40 per cent, as against the previous close 5.50-5.60 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the one-day reverse repo auction, the RBI received and accepted 6 bids for Rs 2,265 crore. In the one-day repo auction under the second LAF, there was 1 bid for Rs 100 crore. In the one-day reverse repo auction under second LAF, the RBI received and accepted 33 bids for Rs 45,085 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids. In the CBLO market, there were 432 trades amounting to Rs 33,090.75 crore in the rate range of 4-5.25 per cent. —

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