Business Daily from THE HINDU group of publications Saturday, Oct 04, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Short Term Instruments Call rates hold steady Mumbai, Oct. 3 Call rates ended at 13.5-14 per cent, the same as the previous day's close. The banks borrowed more than Rs 90,000 crore from the RBI through the repo auction under the liquidity adjustment facility. In the three-day repo auction under the first liquidity adjustment facility (LAF), the RBI received and accepted 49 bids worth Rs 65,095 crore. There were no reverse repo bids. In the three-day repo auction under the second LAF, the RBI received and accepted 33 bids for Rs 25,630 crore. There were no reverse repo bids. In the CBLO market, there were 379 trades amounting to Rs 15,007.40 crore in the rate range of 8.75-14 per cent. - Our Bureau More Stories on : Short Term Instruments
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