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Our Bureau

Mumbai, Dec. 27

Call rates surged to a new high of 12-12.5 per cent (11-11.5 per cent) due to a squeeze in liquidity.

In the first one-day repo auction under LAF, the RBI received and accepted 44 bids for Rs 23,455 crore. In the second one-day repo auction, the RBI received and accepted 19 bids for Rs 4,340 crore and in the reverse-repo auction there were two bids for Rs 25 crore. The CBLO market saw 319 trades aggregating to Rs 13,399.05 crore in the 8.3-9.5 per cent range.

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