CALL RATES CLOSE AT 8 PERCENT
Article Abstract:
On October 6, 1998, call rates closed at 7.75-8 percent in the inter-bank call money market with low demand as several banks covered their fortnightly requirement in advance of the reporting Friday. Earlier, the call rates opened at 8-8.10 percent and remained at that level in the first half of the day and later came down a little in the second half of the day. The Reuters Mumbai inter-bank overnight average MIBR was at 8.05 percent on the day. This rate is a composite weighted average drawn from dealt rates contributed by 25 institutions, banks and primary dealers. (gsh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CALL RATES CLOSE AT 9.25%
Article Abstract:
Call rates opened at 8.75-9.25 percent, reached 9.5-9.75 percent and closed at 9-9.25 percent in the inter-bank call money market on October 13, 1998. A reduced supply of funds in the call money market resulted in only Rs28 crore going into the Reserve Bank of India's three day repos at 8 percent. The Reuters Mumbai inter- bank overnight average MIBR closed at 9.30 percent on October 13, 1998. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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CALL RATES CLOSE AT 8%
Article Abstract:
The inter-bank call money market saw call rates open at 8-8.10 percent and close at 7.75-8 percent on October 7, 1998. The market did not witness active trading as the dealers were waiting for the cut-off rate on the 364 day treasury bills. The Reserve Bank of India's four day fixed rate repos mobilised Rs1445 crore at 8 percent on October 7, 1998. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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