Saturday, October 18, 2008

Call Rates Unaltered - Oct 18, 2008

Call rates closed at 6.75-7.00 per cent, almost unaltered from Oct 16 close. In the three-day repo auction under the first liquidity adjustment facility (LAF), the RBI got and accepted one bid worth Rs 250 crore. There were no reverse repo bids. In the three-day repo auction under the second LAF, the RBI got and accepted 5 bids for Rs 7,100 crore. Under the 14-day special repo auction scheme for mutual funds, only four banks borrowed Rs 1,035 crore. In the CBLO market, there were 444 trades totaling to Rs 22,670.45 crore in the rate range of 5.10-6.80 per cent.

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