Date:25/12/2007 URL: http://www.thehindubusinessline.com/2007/12/25/stories/2007122550210603.htm

Back Call rates close higher

Mumbai, Dec 24

The inter-bank call rates closed higher at 8-8.25 per cent on Monday, against the previous close of 4-4.25 per cent. Dealers said that the liquidity has improved since Thursday when banks had borrowed to the tune of Rs 22,370 crore from the Reserve Bank of India. "The liquidity is comfortable in spite of the outflow of about Rs 35,000 crore following the advanced tax outflows," said a dealer at a private bank.

In the first two days reverse repo auction, the RBI received and accepted one bid for Rs 5 crore. In the first two days repo auction, the RBI received and accepted 16 bids for Rs 14,960 crore. The CBLO market saw 459 trades aggregating Rs 33,209.05 crore in the 7.65-8.86 per cent range. - Our Bureau