Our Bureau

Mumbai, April 18

Call rates closed lower at 11-12 per cent on Wednesday against the previous close of 15-16 per cent. In the first one-day reverse repo auction, the RBI received and accepted one bid for Rs 10 crore. In the first one-day repo auction, the RBI received and accepted 22 bids from banks for Rs 9,085 crore. The CBLO market saw 342 trades aggregating Rs 16,894.50 crore in the 7.70-9 per cent range.

(This article was published in the Business Line print edition dated April 19, 2007)
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