The Hindu Business Line : Call rates soar to new high

Call rates soared to a six-year high of 11.5 per cent on tight liquidity. Banks borrowed Rs 28, 280 crore from the RBI under repo auctions. In the first one-day reverse-repo auction under LAF, RBI did not receive any bid and in the first one-day repo auction, the RBI received and accepted 39 bids for Rs 23,245 crore. In the second one-day reverse-repo auction, the RBI accepted and received five bids for Rs 285 crore and in the second one-day repo auction, the RBI received and accepted 17 bids for Rs 5,035 crore. The CBLO market saw 362 trades aggregating to Rs 16,158.15 crore in the 7.2-10.2 per cent range.

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