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Our Bureau

Mumbai, June 8

Spurred by the surplus cash in the system, the inter-bank call rates closed at 0.25-0.35 per cent on Friday against the previous close of 0.3-0.4 per cent. "There is excess liquidity worth about Rs 40,000 crore-Rs 50,000 crore in the system. However, the advanced tax flows next week worth about Rs 25,000 - 30,000 crore might suck out some of the additional liquidity," said a dealer with a private bank.

The Reserve Bank of India received bids worth Rs 1,02,070 crore from the banks through the reverse repo window while it mopped up Rs 2,949 crore. The central bank did not receive any bid through the repo window. In the first one-day reverse repo auction, the RBI received 41 bids for Rs 59,415 crore while it accepted Rs 1,994 crore. In the second one-day reverse repo auction, the RBI received 35 bids for Rs 42,655 crore while it accepted Rs 955 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 164 trades aggregating Rs 16,234.30 crore in the 0.01 per cent-2.25 per cent range.

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