Date:17/05/2007 URL: http://www.thehindubusinessline.com/2007/05/17/stories/2007051705690600.htm

Back Call rates end at 8.75%

Our Bureau

Mumbai, May 16

Call rates ended at 8.5-8.75 per cent against Tuesday's 8.75-9 per cent. Banks borrowed more than Rs 21,000 crore through RBI's repo window.

In the first one-day repo auction under LAF, the RBI received and accepted 15 bids for Rs 9,825 crore. In the first reverse-repo auction, it received and accepted one bid for Rs 10 crore. In the second one-day repo auction, it received and accepted 23 bids for Rs 11,780 crore. In the second one-day reverse repo, the central bank accepted and received one bid for Rs 25 crore. The CBLO market saw 415 trades aggregating to Rs 20,102 crore in the 7.7-8.49 per cent range.