The Inter-Bank Call Rate Closed Up Higher - Dec 24, 2008

The inter-bank call rate closed up at 6.15-6.30 per cent, as compared to the previous close of 6.05-6.20 per cent. In the one-day repo auction, there was 2 bids for Rs 2,000 crore under the first liquidity adjustment facility (LAF). On the other hand, in the one-day reverse repo auction, the RBI received and accepted one bid for Rs 125 crore. Apart from this, in the one-day repo auction under the second LAF, there was one bid for Rs 100 crore. While in the one-day reverse repo auction under second LAF, the RBI received and accepted 6 bids for Rs 7,460 crore. Besides this, in the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there was one bid for Rs 75 crore.