Business Daily from THE HINDU group of publications
Thursday, Oct 02, 2008
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Business Daily from THE HINDU group of publications Thursday, Oct 02, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Short Term Instruments Call rates hit 17.25% Mumbai, Oct. 1 Tight liquidity conditions prevailed in the market as call rates touched an intra-day high of 17.25 per cent. The rates subsided to close at 13.5-14 per cent, lower than the previous close of 15.75-16 per cent. The Reserve Bank of India injected around Rs 92,000 crore into the system through the repo auction. In the two-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 51 bids worth Rs 70,295 crore. There were no reverse repo bids. In the two-day repo auction under the second LAF, the RBI received and accepted 27 bids for Rs 21,425 crore. There were no reverse repo bids in this auction also. In the CBLO market, there were 359 trades amounting to Rs 14,886.30 crore in the rate range of 9.00-15 per cent. - Our Bureau More Stories on : Short Term Instruments
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