RBI Received And Accepted 15 Bids For Rs 19,430 Crore - Dec 19, 2008

The inter-bank call rates ended slightly higher at 6.50-6.60 per cent, as against the previous close of 6.40-6.50 per cent. There were two bids for Rs 3,000 crore in the one-day repo auction under the first liquidity adjustment facility (LAF). In the one-day reverse repo auction, the RBI received and accepted one bid for Rs 70 crore. There were three bids for Rs 2,470 crore in the one-day repo auction under the second LAF. In the one-day reverse repo auction under the second LAF, the RBI received and accepted 15 bids for Rs 19,430 crore.

In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there was one bid for Rs 250 crore. In the CBLO market, there were 533 trades amounting to Rs 41,609.35 crore in the rate range of 5.00-6.25 per cent.