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Money & Banking - Short Term Instruments
Call rates remain flat

Our Bureau

Mumbai, May 18

Call rates ended flat at 8 - 8.25 per cent on Friday. The rates have been hovering around the same level right from the start of the week, against previous week's low of 2.25 per cent. The Reserve Bank of India lent to banks Rs 19,680 crore through the repo window, while banks parked Rs 10 crore under the reverse repo with the central bank.

In the first three - day repo auction, it received and accepted 22 bids for Rs 14,150 crore. There was no reverse repo bid. In the second three - day repo auction, it received and accepted 10 bids for Rs 5,530 crore. In the second three - day reverse repo auction, the apex bank received and accepted one bid for Rs 10 crore. The CBLO market saw 381 trades aggregating Rs 23,470.20 crore in the 7.50 - 8 per cent range.

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