Call Rates Close Lower At 12.25 Per Cent - Sep 24, 2008

Call rates closed lower at 12.0-12.25 per cent, against the previous close of 14.0-14.5 per cent. The RBI received and accepted 44 bids worth Rs 52,145 crore in the one-day repo auction under the first liquidity adjustment facility (LAF). There were no reverse repo bids. In the one-day repo auction under the second LAF, the RBI received and accepted 33 bids for Rs 18,155 crore. There were no reverse repo bids in this auction also. In the CBLO market, there were 388 trades amounting to Rs 19,531.30 crore in the rate range of 8.85-10 per cent