Date:21/07/2007 URL: http://www.thehindubusinessline.com/2007/07/21/stories/2007072151060600.htm

Back Call rates down at 0.15-0.25%

Mumbai, July 20

Buoyed by the surplus cash in the system, the inter-bank call rates closed at 0.15-0.25 per cent on Friday, lower than the previous close of 0.2-0.3 per cent. The Reserve Bank of India received bids for Rs 1,05,210 crore while it accepted Rs 3,000 crore through the reverse repo window under the two sessions of Liquidity Adjustment Facility. The central bank did not receive any bids through the repo window. In the first three-day reverse repo auction, the RBI received 44 bi ds for Rs 62,735 crore while it accepted bids to the tune of Rs 1,996 crore. In the second one-day reverse repo auction, it received 34 bids for Rs 42,475 crore while it accepted Rs 1,004 crore. There were no repo bids in the first and second three-day auctions. The CBLO market saw 201 trades aggregating Rs 18,797.85 crore in the 0.01-0.05 per cent range. —

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