Date:14/04/2007 URL: http://www.thehindubusinessline.com/2007/04/14/stories/2007041403790600.htm

Back Call rates close higher

Our Bureau

Mumbai, April 13

Call closed higher on Friday at 5 - 5.25 per cent against the previous close of 1.75 - 2.25 per cent. Banks placed over Rs 29,300 crore with the RBI on the reverse repo window while the RBI accepted Rs 3,000 crore. In the first three - day reverse repo auction, it received 10 bids for Rs 19,855 crore while it accepted Rs 1,999 crore.

In the second three - day reverse repo auction, it received six bids for Rs 9,445 crore while it accepted Rs 1,001 crore. There were no repo bids. The CBLO market saw 444 trades aggregating Rs 18,950.15 crore in the 1 - 5.50 per cent range.