Mumbai, Dec 26

The inter-bank call rates closed at 7.85-7.95 per cent on Wednesday, against the previous close of 8-8.25 per cent. In the first one-day repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 30 bids for Rs 47,665 crore. There was no reverse repo bid. “The liquidity is tight at present, but it is likely to ease off with the good amount of inflows expected from the FII and FDI counters,” said a dealer at a private bank. The CBLO market saw 423 trades aggregating Rs 28,633.70 crore in the 7.51-8.45 per cent range.

— Our Bureau

(This article was published in the Business Line print edition dated December 27, 2007)
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