Inter-Bank Call Rate Closed Marginally Lower - Jan 28, 2009

The inter-bank call rate closed marginally lower at 4.10-4.20 per cent as compared to the earlier close of 4.15-4.25 per cent. In the one-day repo auction under the first liquidity adjustment facility (LAF), there were no bids. However, in the reverse repo auction, the RBI received and accepted 16 bids for Rs 27,250 crore. There were no bids in the repo auction, under the second LAF. In the one-day reverse repo auction, there were 21 bids for Rs 24,515 crore. In 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids.