Business Daily from THE HINDU group of publications
Tuesday, Jul 08, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Tuesday, Jul 08, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Short Term Instruments Call rates steady Mumbai, July 7 Call rate ended at 9.00-9.10 per cent, against the previous close of 9.00-9.05 per cent. The new CRR rates and the auction outflows are causing shortage of funds in the system. As it is the beginning of a new fortnight, banks are also borrowing to shore up their fund requirements. In the one-day repo auction under the liquidity adjustment facility, the RBI received and accepted 30 bids worth Rs 31,490 crore. There were no reverse repo bids. In the CBLO market, there were 532 trades amounting to Rs 36,582.05 crore in the rate range of 7.65-9.00 per cent. - Our Bureau
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