Call Rates Increases Slightly - Sep 11, 2008

Inter-bank call rates ended slightly higher at 8.7-8.8 per cent against the previous close of 8.50-8.75 per cent. In the one-day reverse repo auction, the Reserve Bank of India got and accepted 12 bids for Rs 12,985 crore. There were no reverse repo auctions. In the CBLO market, there were 502 trades totaling to Rs 34,397.5 core in the rate range of 7-9.15 per cent