Business Daily from THE HINDU group of publications
Thursday, Nov 23, 2006

Cross Currency

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Money & Banking - Short Term Instruments
Call rates lower

Our Bureau

Mumbai, Nov. 22

Call rates ruled low between 6.25 per cent and 6.35 per cent against 6.65 and 6.75 per cent on Tuesday. In the first one-day reverse-repo auction under LAF, RBI received and accepted three bids for Rs 160 crore. There were no repo bids. In the second one-day reverse-repo auction, RBI accepted and received 17 bids for Rs 23,400 crore. The CBLO market saw 338 trades aggregating to Rs 19,169.60 crore in the 5.99-6.20 per cent range.

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