Wednesday, November 26, 2008

Call Rates Close Marginally Lower - Nov 26, 2008

The inter-bank call rate ended slightly lower at 6.60-6.70 per cent, as against the previous close of 6.90-7 per cent. There was 1 bid for Rs 1,600 crore in the one-day repo auction under the first liquidity adjustment facility (LAF). In the reverse repo auction, the RBI received and accepted 3 bids for Rs 805 crore. The RBI received and accepted 4 bids for Rs 2,175 crore in the one-day repo auction under the second LAF.

In the one-day reverse repo auction under the sec ond LAF, the RBI received and accepted 8 bids for Rs 3,690 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 495 trades amounting to Rs 34,747.35 crore in the rate range of 5.75-7 per cent.

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