Inter-Bank Call Rate Closed Flat - Jan 31, 2009

The inter-bank call rate closed flat at 4.10-4.20 per cent. In the three-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. However, the RBI received and accepted 12 bids for Rs 23,420 crore in the reverse repo auction. In line with this, in the repo auction under the second LAF, there was one bid for Rs 50 crore. While there were 36 bids for Rs 33,090 crore, in the three-day reverse repo auction. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids.