Call Rates Close Lower At 8.75% - Sep 10, 2008

Call rates closed lower at 8.50-8.75 per cent, against the previous close of 9.00-9.10 per cent. The RBI received and accepted 2 bids worth Rs 3,025 crore in the one-day repo auction under the liquidity adjustment facility. In the one-day reverse repo auction, the RBI received and accepted 1 bid for Rs 10 crore. In the CBLO market, there were 459 trades amounting to Rs 33,814 crore in the rate range of 7.70-9.08 per cent