Date:13/12/2007 URL: http://www.thehindubusinessline.com/2007/12/13/stories/2007121351120600.htm

Back Call rates close higher

Mumbai, Dec 12

Call rates closed at 7.80-8.0 per cent on Wednesday against the previous close of 7.75-7.85 per cent. In the one-day reverse repo auction under Liquidity Adjustment Facility, the Reserve Bank of India received and accepted 1 bid for Rs 10 crore. The RBI also received and accepted eight repo bids for Rs 4,825 crore. This indicates the pressure on liquidity, as more banks borrowed money from the RBI. The CBLO market saw 467 trades aggregating Rs 38,024.45 crore in the 7.5-8 per cent. - Our Bureau