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Money & Banking - Short Term Instruments
Call rates steady

Mumbai, March 12

The inter-bank call rate closed at 3.55-3.60 per cent, against the previous close of 3.50-3.60 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. In the reverse repo auction, the RBI received and accepted 13 bids for Rs 21,925 crore.

Under the second LAF, there was one bid for Rs 950 crore in the repo auction. In the reverse repo auction, there were 29 bids for Rs 30,570 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there was one bid for Rs 1,500 crore. In the CBLO market, there were 619 trades for Rs 67, 896.40 crore in the range of 2.70-3.70 per cent.

— Our Bureau

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