Date:18/03/2008 URL: http://www.thehindubusinessline.com/2008/03/18/stories/2008031851920602.htm

Back Call rates slightly lower

Mumbai, March 17

Call rates were slightly lower at 7.25-7.5 per cent against the previous close of 8.25-8.5 per cent. In the first one-day auction under Liquidity Adjustment Facility, the RBI received and accepted two reverse repo bids and for Rs 255 crore and 17 repo bids for Rs 32,400 crore.

The central bank had conducted an additional LAF arrangement on Friday for smooth liquidity management. In the seven-day repo auction, the RBI received and accepted eight bids for Rs 4,200 crore.

There were no reverse repo bids. In the CBLO market, there were 614 trades amounting to Rs 42,955.3 crore in the range of 4.5-8.11 per cent. - Our Bureau