Call Rates Closed At Lower - Jan 7, 2009

The call rates closed a tad lower at 4.15-4.30 per cent as compared to the close of 4.25-4.35 per cent. Despite the RBI slashing reverse repo rates by 100 basis points, the banks continued to park their funds in the reverse repo window. Under the first and second liquidity adjustment facility, there were no bids in the one-day repo auctions. However in the one-day reverse repo auction, RBI received and accepted 9 bids for Rs 5,375 crore. Under the second LAF, the RBI received and accepted 20 bids for Rs 53,985 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids.