Inter-Bank Call Rate Closed Marginally - March 19, 2009

The inter-bank call rate closed marginally higher at 4.25-4.40 per cent as compared to the previous close of 4.20-4.30 per cent. In the first liquidity adjustment facility (LAF), there were no bids in the repo and the reverse repo auction. Under the second LAF, there were no bids in the repo auction. However there were 4 bids for Rs 20,190 crore in the reverse repo auction. In the 14-day special repo auction scheme for mutual funds and NBFCs under the LAF, there were two bids for Rs 610 crore.