The Hindu Business Line : Call rates close at 6.75-7 pc

Call rates ended at 6.75-7 per cent against Wednesday's close of 6-6.2 per cent. In the three-day reverse repo, under the liquidity adjustment facility, RBI received and accepted five bids, amounting to Rs 2,305 crore and 12 bids amounting to Rs 8,470 crore in the repo auction. In the second auction, the central bank accepted 10 bids for Rs 3,275 crore through the reverse repo and five bids for Rs 1,140 crore through the repo auction. The CBLO market saw 284 trades, aggregating to Rs 14,391.90 crore in the rate range of 3.05-7.1 per cent. In view of March 31, being year-end for commercial banks, as well as reporting Friday this year, banks can avail themselves of export credit refinancing till noon April 1, said RBI. In case of any difficulty arising from government business, banks may also approach RBI for consideration of special repo facility against G-Sec till noon on April 1. All the measures will be value dated March 31.

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