Date:08/08/2007 URL: http://www.thehindubusinessline.com/2007/08/08/stories/2007080850990600.htm

Back Call rates close tad higher

Mumbai, Aug 7

The inter-bank call rates closed at 6.10–6.30 per cent on Tuesday against the previous close of 6-6.10 per cent. “There is comfortable liquidity in the system,” said a dealer with a private bank. In the first one-day reverse repo auction, the RBI received and accepted 21 bids for Rs 41,605 crore. The central bank has removed the cap of Rs 3,000 crore on reverse repo effective August 4. There was no repo bid in the first one-day auction. The apex bank has done away with its second liquidity adjustment facility. The CBLO market saw 405 trades aggregating Rs 32,937.40 crore in the 5.50-6.04 per cent range.

— Our Bureau