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Money & Banking
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Short Term Instruments
Inter-bank call closes at 4-4.5%
Mumbai, Feb. 29
The inter-bank call rates closed substantially lower at
4-4.50 per cent on Friday against the previous close
of 7-7.25 per cent, due to surplus cash in the system. Call
opened higher at 7.75-8 per cent but later fell due to
comfortable liquidity, said dealers. In the first three-day
reverse repo auction under Liquidity Adjustment Facility,
the Reserve Bank of India received and accepted 13 bids
for Rs 8,085 crore. There was no repo bid. The CBLO
market saw 547 trades aggregating Rs 46,193.90 crore in
the 0.30-7 per cent range. - Our Bureau
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Inter-bank call closes at 4-4.5%
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