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 Money & Banking - Short Term Instruments
Call rate ends substantially lower

Mumbai, Aug. 28

The inter-bank call rates ended substantially lower at 6.25-6.50 per cent, against the previous close of 8-8.25 per cent. In the one-day repo auction under the liquidity adjustment facility, RBI received no bids. In the one-day reverse repo auction, RBI received and accepted one bid for Rs 1,000 crore. Liquidity was comfortable in the market, as banks had covered their positions ahead of reporting on Friday. In the CBLO market, there were 612 trades amounting to Rs 36,085 crore in the rate range of 4.60-8.95 per cent. - Our Bureau

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