Repo Auction Under The First Liquidity - Sep 26, 2008

Call rates closed a tad at 10-10.25 per cent, the same as on Sept 24.The RBI received and accepted 25 bids worth Rs 38,545 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 21 bids for Rs 10,660 crore. There were no reverse repo auctions. In the CBLO market, there were 380 trades amounting to Rs 21,844.70 crore in the rate range of 8.85-9.05 per cent.