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Tuesday, Oct 31, 2006

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Money & Banking - Short Term Instruments
Call rates rule at 6.8-6.9 pc

Our Bureau

Mumbai, Oct 30

Call rates ruled at 6.8-6.9 per cent against 6.9-7 per cent last Friday. In the first one-day reverse repo auction under LAF, the Reserve Bank of India received and accepted three bids amounting to Rs. 300 crore. There were no repo bids.

In the second one-day reverse repo auction, the RBI accepted and received seven bids for Rs. 1705 crore. The CBLO market saw 393 trades aggregating Rs 22,812.15 crore in the 6-6.62 per cent range.

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