Call rates close slightly lower

The interbank call rate closed slightly lower at 6.65-6.75 per cent against the previous close of 6.75-6.85 per cent. In the first one-day auction under the liquidity adjustment facility under the Reserve Bank of India received and accepted 37 repo bids for Rs 60,300 crore. There was one reverse repo bid for Rs 350 crore. In the second auction RBI received and accepted 16 repo bids for Rs 25,925 crore and three reverse repo bids for Rs 570 crore. In the CBLO auction there were 563 trades amounting to Rs 51,122 crore in the rate range of 6.2-6.6 per cent.