The Hindu Business Line : Call rates decline

The inter-bank call rates closed lower at 1 - 1.25 per cent on Wednesday against the previous close of 4 - 4.25 per cent `due to easy liquidity in the system,' said a dealer with a private bank. The Reserve Bank of India did not infuse any funds through the repo window. In the first one - day reverse repo auction, the RBI received 28 bids for Rs 30,805 crore while it accepted Rs 1,999 crore. In the second one - day reverse repo auction, it received 25 bids for Rs 18,530 crore while it accepted Rs 997 crore. There were no repo bids in the first and second one - day auctions. The CBLO market saw 476 trades aggregating Rs 30,364.20 crore in the 0.10 - 2 per cent range. "Even at this low percentage, there were more lenders than takers in the market," said the dealer.

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