Business Daily from THE HINDU group of publications
Wednesday, Mar 19, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Mar 19, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Short Term Instruments Inter-bank call rates lower at 7% Mumbai, March 18 The inter-bank call rates closed lower at 7-7.25 per cent on Tuesday, against the previous close of 7.25- 7.5 per cent even as the liquidity remained tight. Banks borrowed to the tune of Rs 24,080 crore from the Reserve Bank of India. In the first one-day repo auction under Liquidity Adjustment Facility, the RBI received and accepted 18 bids for Rs 24,080 crore. There was no reverse repo bid. The CBLO market saw 525 trades aggregating Rs 38,954.45 crore in the 5.61-8 per cent range. - Our Bureau More Stories on : Short Term Instruments
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