Call Rate Closed Lower As Against The Previous - Oct 8, 2008

The inter-bank call rate closed lower at 10.50-11 per cent, as against the previous close of 11-11.25 per cent. The RBI received and accepted 40 bids worth Rs 42,165 crore in the one-day repo auction under the first liquidity adjustment facility (LAF). There were no reverse repo bids. In the one-day repo auction under the second LAF, the RBI received and accepted 22 bids for Rs 21,120 crore. In the one-day reverse repo auction under SLAF, the RBI received and accepted 1 bi d for Rs 3,650 crore. In the CBLO market, there were 349 trades amounting to Rs 16,131.75 crore in the rate range of 8.71-10 per cent.