Call Rate Closes Lower At 6.5 Per Cent - Sep 13, 2008

The inter-bank call rate closed largely lower at 6.25-6.5 per cent against the previous close of 7.75-8.25 per cent. The RBI received and accepted one bid worth Rs 200 crore in the three-day repo auction. There were no reverse repo bids. In the three-day repo auction under second liquidity adjustment facility (SLAF), the RBI received and accepted 5 bids worth Rs 14,200 crore. In the reverse repo auction under SLAF, there were 9 bids for Rs 2,185 crore. In the CBLO market, there were 458 trades amounting to Rs 24,553.05 crore in the rate range of 0.50-9.00 per cent