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Money & Banking - Short Term Instruments
Call rate may ease next week

Our Bureau

Mumbai, Sept. 22

The call rate closed between 6.30-6.35 per cent (6.30-6.40). Bond dealers said the call rate would ease next week, with the improvement in liquidity or cash in the system. The advance tax outflows are expected to return to the system, they said.

In the first three-day reverse repo auction under LAF, the Reserve Bank of India received and accepted five bids amounting to Rs 5,735 crore and in the second auction, nine bids for Rs 8,820 crore.

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