The Hindu Business Line : Call rates ends flat

The inter-bank call rates ended flat on Tuesday. The rate closed at 8.75 - 9 per cent as against the previous close of 8.50 - 9 per cent following the announcement of Market Stabilisation Scheme auction worth Rs 6,000 crore to be held on Wednesday, said a dealer with a private bank. "Call was higher due to an increased demand on account of outflows resulting from Government securities auction. The liquidity was tight," he added.

The RBI lent to banks Rs 24,115 crore through the repo window while banks parked Rs 10 crore under the reverse repo with the central bank. In the first one-day repo auction, RBI received and accepted 16 bids for Rs 11,120 crore. There was no reverse repo bid in the first one-day auction. In the second one-day repo auction, RBI received and accepted 24 bids for Rs 12,995 crore. In the second one-day reverse repo auction, RBI received and accepted one bid for Rs 10 crore.

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