Call Rate Closed A Little Lower At 6.90-7 Per Cent - Nov 25, 2008

The inter-bank call rate closed a little lower at 6.90-7 per cent, as against the previous close of 7-7.10 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF). There was 1 bid for Rs 2,400 crore in the reverse repo auction, the RBI received and accepted 1 bid for Rs 80 crore. In the one-day repo auction under the second LAF, the RBI received and accepted 4 bids for Rs 2,825 crore. In the one-day reverse repo auction under the second L AF, the RBI received and accepted 8 bids for Rs 6,635 crore.

In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids. In the CBLO market, there were 491 trades amounting to Rs 34,299.80 crore in the rate range of 5.50-6.40 per cent.