Date:12/01/2007 URL: http://www.thehindubusinessline.com/2007/01/12/stories/2007011203380600.htm

Back Call rate unchanged at 8-8.25 pc

Our Bureau

Mumbai, Jan. 11

Call rate was unchanged at 8-8.25 per cent. Banks borrowed over Rs 19,000 crore from the RBI at 7.25 per cent against Rs 18,000 crore on Wednesday. Liquidity is expected to be under pressure on Friday as banks will cover for the weekend. An auction related outflow of Rs 4,000 crore on Monday will also make money scarce, said dealers.

In the first one-day reverse-repo auction under LAF, the RBI received no bids while in the repo auction it received and accepted 19 bids for Rs 7,775 crore. In the second one-day reverse-repo auction, the bank received and accepted three bids for Rs 125 crore and in the second one-day repo auction it received and accepted 18 bids for Rs 11,240 crore. The CBLO market saw 289 trades aggregating Rs 18,467.3 crore in the 7.21-7.49 per cent range.