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Mumbai, Dec 28

The inter-bank call rates closed at 7.50-7.70 per cent on Friday, unchanged from the previous close. In the three-day repo auction, under the Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 24 bids for Rs 33,865 crore. There was no reverse repo bid. Advance tax outflows have created pressure on the liquidity in the system. Market participants expect the situation to improve by the beginning of January with renewed FII flows. The CBLO market s aw 485 trades aggregating Rs 34,501.70 crore in the 6.50-7.90 per cent range.

— Our Bureau

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