The Hindu Business Line : Call rates a tad lower

Call rates closed marginally lower at 4.15-4.30 per cent, as against the previous close 4.25-4.35 per cent. The banks continued to park their funds in the reverse repo window despite the RBI slashing reverse repo rates by 100 basis points.In the one-day repo auctions under the first and second liquidity adjustment facility (LAF), there were no bids.

In the one-day reverse repo auction, the RBI received and accepted 9 bids for Rs 5,375 crore. Under the second LAF, the RBI received and accepted 20 bids for Rs 53,985 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 492 trades for Rs 42,855.15 crore in the range of 3.75-4.25 per cent. - Our Bureau

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