Business Daily from THE HINDU group of publications Tuesday, Jul 10, 2007 ePaper |
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Money & Banking
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Short Term Instruments Call rates close at 1.5-2%
Mumbai, July 9 The inter-bank call rates closed at 1.5-2 per cent on Monday higher than the previous close of 0.2-0.4 per cent. The Reserve Bank of India received bids worth Rs 86,315 crore while it accepted Rs 2,999 crore through the reverse repo window under the two sessions of Liquidity Adjustment Facility. The central bank did not receive any bids through the repo window. In the first one-day reverse repo auction, the RBI received 34 bids for Rs 52,935 crore while it accepted Rs 1,99 9 crore. In the second one-day reverse repo auction, the apex bank received 28 bids for Rs 33,380 crore while it accepted Rs 1,000 crore. There were no repo bids in the first and second one-day auctions. The CBLO market saw 354 trades aggregating Rs 29,091 crore in the 0.02-0.5 per cent range. — Our Bureau
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