The Hindu Business Line : Call rates ease

Call rates eased to close at 6.25-6.75 per cent against Tuesday's close of 8-8.5 per cent on expectations of Government spending and inflows from the special deposit schemes.

Under the first liquidity adjustment facility auction, the Reserve Bank of India did not receive any reverse repo bids. In the repo auction it received and accepted four bids for Rs 1,010 crore. In the second auction the RBI received and accepted 24 bids for Rs 8,100 crore under reverse repo and one bid for Rs 450 crore under repo. The CBLO market saw 404 trades aggregating Rs 19,098.60 crore in the 5.40-6.8 per cent range.

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