Business Daily from THE HINDU group of publications Tuesday, Feb 13, 2007 ePaper |
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Money & Banking
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Short Term Instruments Call rate steady at 6.5-6.7 % Our Bureau
Call remained unchanged at 6.50-6.70 per cent from the previous close. In the first one - day reverse repo auction under LAF, the RBI received and accepted one bid for Rs 20 crore. In the second one - day reverse repo auction, RBI received and accepted six bids for Rs 2,135 crore. There were no repo bids in the first and second one - day auctions. "The liquidity seems to be comfortable with RBI's constant intervention in the forex market," said a dealer in a private bank. The CBLO market saw 373 trades aggregating to Rs 21,936.65 crore in the 6.18 - 8 per cent range.
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