Business Daily from THE HINDU group of publications
Friday, Dec 21, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Friday, Dec 21, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Call rates close lower Mumbai, Dec 20 The inter-bank call rates closed lower at 4-4.25 per cent on Thursday, against the previous close of 7.70-7.80 per cent, backed by the easy cash conditions in the system. Call rates fell as low as 3 per cent on an intraday basis. "The banks borrowed Rs 22,370 crore from the RBI through the repo window. However, later during the day there were no borrowers, prompting the banks to lend at all available rates, thereby lowering the call rates," said a dealer at a private bank. In the first four days repo auction under Liquidity Adjustment Facility, the RBI received and accepted 30 bids for Rs 22,370 crore. There was no reverse repo bid. The CBLO market saw 512 trades aggregating Rs 32,273.35 crore in the 0.25-7.80 per cent range. - Our Bureau
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