Our Bureau

Mumbai, May 23

Call rates ended at 7.7 per cent to 7.8 per cent on Wednesday against the previous close of 7.6-7.8 per cent. There were no repo and reverse repo bids in the first liquidity adjustment facility. "During the day, call was at around 7.75 per cent so the banks could meet the fund requirements in the call money market than going through the reverse repo window," said a dealer at a private bank.

In the second one-day repo auction, the RBI received and accepted five bids for Rs 5, 775 crore. In the second one-day reverse repo, the central bank accepted and received one bid for Rs 10 crore. The CBLO market saw 445 trades aggregating to Rs 27,541.8 crore in the 7.41-7.72 per cent range.

(This article was published in the Business Line print edition dated May 24, 2007)
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