Business Daily from THE HINDU group of publications
Tuesday, Dec 19, 2006

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Money & Banking - Short Term Instruments
Call rates move up

Our Bureau

Mumbai, Dec. 18

Call rates moved up to 8.15-8.25 per cent against 8-8.1 per cent on Friday on tight liquidity. Banks were seen borrowing Rs 7,805 crore under repo auctions from the central bank.

In the first one-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs 10 crore and in the first one-day repo auction, the RBI received and accepted 11 bids for Rs 3,870 crore.

In the second one-day reverse-repo auction, the RBI accepted and received five bids for Rs 195 crore and in the second one-day repo auction, the RBI received and accepted 12 bids for Rs 3,935 crore. The CBLO market saw 362 trades aggregating to Rs. 21,187.95 crore in the 7.15 per cent-7.5 per cent range.

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