Business Daily from THE HINDU group of publications Friday, Dec 28, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Call rates end lower Mumbai, Dec 27 The inter-bank call rates closed at 7.50-7.70 per cent on Thursday, against the previous close of 7.85-7.95 per cent. In the first one-day repo auction, under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 30 bids for Rs 47,125 crore. There was no reverse repo bid. The banks have borrowed to the tune of Rs 1,09,750 crore from the RBI this week, showing the tightness in liquidity in the system. Dealers, however, said that the liquidity wi ll improve next week with the beginning of the new year and good inflows expected from the FII and FDI counters. The CBLO market saw 458 trades aggregating Rs 31,818.25 crore in the 7.25-7.90 per cent range. — Our Bureau More Stories on : Short Term Instruments
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