The Hindu Business Line : Call rate ends lower

The inter-bank call rate closed at 8-8.25 per cent (8.50-8.75 per cent). Banks borrowed more than Rs 24,550 crore from the RBI by repo. The payout for the Market Stabilisation auction of Rs 6,000 crore held on Wednesday caused some pressure on liquidity, said dealers.

In the first one-day repo auction under the Liquidity Adjustment Facility, the RBI received and accepted 17 bids for Rs 10,525 crore and there were no bids in the reverse-repo auction. In the second one-day repo, the central bank accepted and received 17 bids for Rs 14,025 crore and in the reverse repo auction, there was one bid for Rs 15 crore. The CBLO market saw 316 trades aggregating to Rs 21,384.80 crore in the 7.70-8.08 per cent range.

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