CALL RATES, ON ROLLER-COASTER RIDE, TOUCH 30%
Article Abstract:
Call rates in the inter-bank call money market soared to 30 percent from 9 percent. Miscalculations of the banks on liquidity in the system and their CRR needs propelled the rates. Inflows during the week from gilts was only about Rs651.17 crore which was drawn out by 364D TBill auction as its notified amount was hiked by Rs250 crore to Rs750 crore. The Reserve Bank of India (RBI) repos attracted a single bid of Rs20 crore due to higher call rates. Call rates are expected to ease during the next week due to the inflow of Rs4,313 crore from interest payments and redemption of dated securities and TBills. (pn) (kvr)
Comment:
Call rates in the inter-bank call money market soared to 30 percent from 9 percent.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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CALL RATES CLOSE AT 8 PERCENT
Article Abstract:
Call rates on the 8th October closed at 7.75-8 percent in the inter bank call money market. Call rates opened at 8-8.05 percent, close to the repo rate of 8 percent, due to low demand from banks. (uh)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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