Call Rate Closes At 4.90% - March 20, 2009

The inter-bank call rate went up to end at 4.70-4.90 per cent, as against the earlier close of at 4.25-4.40 per cent. There were no bids in the repo and the reverse repo auction in the first liquidity adjustment facility (LAF). Under the second LAF, there were no bids in the repo auction. In the reverse repo auction, there were 8 bids for Rs 21,195 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were no bids. In the CBLO market, there were 550 trades for Rs 61,844.35 crore in the range of 3-4.49 per cent.