Money & Banking

Call rate eases

PTI Mumbai | Updated on April 18, 2011

Call rates eased to finished at 6.85 per cent at the overnight call money market here on Monday due to lack of demand from borrowing banks.. The call money rate ended slightly lower at 6.85 per cent from last Friday's closing level of 6.90 per cent. It moved in a range of 6.90 per cent and 6.80 per cent. The RBI, under the Liquidity Adjustment Facility, purchased securities worth Rs 2,765 crore from eight bids at the one-day repo auction at a fixed rate of 6.75 per cent.

Published on April 18, 2011

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