Call rates end at 6.30-6.45%
Rates on the inter-bank call money market hovered between 6.30% and 6.45% and touched an intra-day high of 6.50%.
By TNN |
Rates on the inter-bank call money market hovered between 6.30% and 6.45% and touched an intra-day high of 6.50%.
The RBI mopped up bids worth Rs 16,980 crore via the reverse repo auctions in the morning session of liquidity adjustment, while it absorbed surplus funds worth Rs 5,900 crore in the afternoon sessions. After the markets close on Monday, RBI announced the auction of two-dated securities worth Rs 9,000 crore.
The auction has been scheduled for October 13, wherein the Centre may raise Rs 6,000 crore by the benchmark 7.59% ’16 paper auction and another Rs 3,000 crore via selling of the 8.33% ’36 paper.
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