Call Rates Closed Lower - Jan 21, 2009

The call rates closed slightly lower at 4.20-4.30 per cent as compared to the previous close of 4.30-4.40 per cent. In the one-day repo auctions under the first and second liquidity adjustment facility (LAF), there were no bids. On the other hand, in the one-day reverse repo auction, the RBI received and accepted 12 bids for Rs 19,140 crore. In the one-day reverse repo auction, there were 22 bids for Rs 30,085 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids.