Tuesday, October 14, 2008

Call Rate Closes At 9.75-10pc - Oct 14, 2008

The inter-bank call rate closed at 9.75-10 per cent, against the previous close of 9.50-10 per cent. With the 150 basis points CRR cut coming into effect from OCt 11, liquidity in the system has relaxed after the injection of Rs 60,000 crore. Call rates are looming around 10 per cent, compared to a high of 22 per cent last week.In the one-day repo auction under the first liquidity adjustment facility (LAF), the RBI got and accepted 33 bids worth Rs 35,600 crore. There were no reverse repo bids. In the one-day reverse repo auction under SLAF, the RBI got and accepted 3 bids for Rs 4,135 crore.

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