The Hindu Business Line : Call rates unchanged

Banks parked a total of Rs 1,18,810 crore this week with the RBI inclusive of Rs 22,420 crore on Friday which could be partly explained by the RBI intervention in the forex market to mop up dollars with rupees. During the same time, banks' borrowing from the RBI was minimal at best.

Call remained unchanged at 6-6.1 per cent on Friday. In the first three-days reverse repo auction, the RBI received and accepted six bids for Rs 1,055 crore. In the second three-day reverse repo auction, it received and accepted 41 bids for Rs 21,365 crore. There were no repo bids. The CBLO market saw 328 trades aggregating Rs 17,649.55 crore in the 2-6.9 per cent range.

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