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Tuesday, Feb 12, 2008
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Money & Banking - Short Term Instruments
Call rates close higher

Mumbai, Feb. 11

The inter-bank call rates closed higher at 6.50-6.75 per cent on Monday, against the previous close of 6-6.10 per cent. In the first one-day reverse repo auction under Liquidity Adjustment Facility (LAF), the Reserve Bank of India received and accepted 12 bids for Rs 23,375 crore. There was no repo bid. The CBLO market saw 500 trades aggregating Rs 41,141.70 crore in the 5.86-6.75 per cent range.

— Our Bureau

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