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Wednesday, May 31, 2006


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Money & Banking - Short Term Instruments


Call rate remains steady

Our Bureau

Mumbai, May 30

Call rates continued to hold steady at 5.5-5.6 per cent, owing to good liquidity. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted 34 bids amounting to Rs 37,345 crore and in the second auction, 37 bids for Rs 28,750 crore. There were no repo bids. The CBLO market saw 326 trades, aggregating Rs 18,227.35 crore in the 4.83 - 5.25 per cent range.

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