Call Rate Closed At 4.20-4.30% - March 18, 2009

The inter-bank call rate closed at 4.20-4.30 per cent as compared to the previous close of 4.10-4.25 per cent. There were no bids in the repo and the reverse repo auction in the first liquidity adjustment facility (LAF). In line with this, there were no bids in the repo auction, under the second LAF. However, there were 9 bids for Rs 16,015 crore in the reverse repo auction. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there was one bid for Rs 30 crore.