Call Rate Closes Higher At 4.60 Per Cent - March 27 , 2009

The inter-bank call rate closed higher at 4.40-4.60 per cent, against the previous close of 4-4.10 per cent. There was one bid for Rs 1,700 crore in the four-day repo auction in the first liquidity adjustment facility (LAF). While there were 3 bids for Rs 1,530 crore in the reverse repo auction. In line with this, there were 4 bids for Rs 900 crore in the four-day repo auction under the second LAF. In the reverse repo auction, there were 17 bids for Rs 12,220 crore. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were 5 bids for Rs 4,000 crore.