Monday, November 10, 2008

After Some Measures Taken By To Ease Liquidity - Nov 10, 2008

After some measures taken by RBI to ease liquidity in the markets, the inter bank demand for fund has lowered. The inter-bank call rate ended at 6.20-6.30 per cent, as against the previous close of 6.20-6.40 per cent. There were no bids in the three-day repo auction under the first liquidity adjustment facility (LAF). In the three-day reverse repo auction, there were 7 bids for Rs 3,395 crore. In the three-day repo auction under the second LAF, the RBI received and accepted 6 bids for Rs 7,300 crore.

In the three-day reverse repo auction under the second LAF, the RBI received and accepted 23 bids for Rs 23,255 crore. In the 14-day special repo auction scheme for mutual funds under the LAF, no bids were received. In the CBLO market, there were 429 trades amounting to Rs 19,317 crore in the rate range of 1-6.10 per cent.

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