Call rates close low at 5.40-60 pc

Saturday, March 17, 2007, 11:16 [IST]

Mumbai, Mar 12 (UNI) Interbank call money rates were lower at 5.40-5.60 per cent against previos day's close of 5.40-5.60 per cent, brokers said.

Ample cash supply ensured that despite outflows owing to the twin GOI bond auctions, the borrowing requirements of the banks were comfortably met with.

The one-day reverse repo window saw the RBI receiving 39 bids worth Rs 32,820. However, as per the new LAF regulations, only Rs 3,000 crore was accepted while no bid was received at one-day repo window.

The CBLO segment saw 421 bids worth Rs 25,493 crore being traded in the range of 4.02 to 6.20 per cent.

Excess money supply is likely to nullify the impact due to the upcoming MSS and state loan auction. As a result, inter bank rates are expected to hover around the current levels, dealers added.

UNI

Topics: MARKETS CALL MONEY INTRO

Other articles published on March 17, 2007

Call money closes higher at 13-15 per cent

Friday, December 29, 2006,19:35 [IST]

Mumbai, Dec 23 (UNI) Interbank call money closed at 13.00-15.00 per cent on the last day trading of 2006 today, with a previous closing of 12.25-12.75 per cent, dealers said. It touched an intra-day high of 20.50 per cent, before it resumed firm at 14 per cent as banks rushed to cover their cash needs. A severe cash crunch in India's banking system caused by central bank measures to combat double-digit credit growth may ease.....

Call money closes high at 11.00/11.50 pc

Tuesday, December 26, 2006,19:04 [IST]

Mumbai, Dec 26 (UNI) Interbank call rates rose by over a 100 bps as it ended the day at 11.00-11.50 per cent compared to its preceding session's close of 9.75-10.00 per cent, dealers said. With the Cash Reserve Ratio (CRR) hike came into implementation this fortnight onwards, banks looked to borrow in huge numbers. As a result, liquidity continued to remain under severe pressure. The extent of the dwindling cash surpluses was such that the.....

Priya Ranjan Dasmunsi to inaugurate IMC's Conference on Convergence

Saturday, March 17, 2007,11:16 [IST]

Mumbai, Mar 12 (UNI) Union Minister for Information and Broadcasting Priya Ranjan Dasmunsi is slated to inaugurate Indian Merchants' Chamber's 5th International Conference on 'Communications Convergence' here on March 16. Maharashtra Finance Minister Jayantro Patil will be the Guest of Honour at the Conference. IMC today announced that the theme of the two-day conference would be 'New Technology: New Business.' The objective of the conference is to provide a platform for government policymakers, leaders of industry and other stakeholders to discuss.....

VIIT, Intelm Yes Bank to present 7th annual Baramati Initiative

Saturday, March 17, 2007,11:16 [IST]

Mumbai, Mar 12 (UNI) Vidya Pratishthan's Institute of Technology (VIIT) along with Intel Technology and YES Bank will present the Seventh Annual Baramati Initiative on ICT and Development in Baramati. The two-day conference is scheduled to commence from March 16 is likely to be inaugurated by Union Minister of State for Science&Technology, Kapil Sibal, a release here today said. Significant among those who also likely to attend the event include Ministers from Maharashtra government - Vimal Mundada (Health) and Dilip Walse.....

Limitless Updates

Business News

News Archives

call money closes firm at 2.25 per cent

Friday, May 11, 2007,20:09 [IST]

Mumbai, May 11 (UNI) Interbank call money today ended firm at 2.25-2.50 per cent compared to yesterday's close at 2.00-2.25pc on reduced funds inflow against higher demand, dealers said. Call rates opened at 3.50-4.00 per cent from their previous closing level of 2.00-2.50 per cent. Last minute borrowing requirements on the last day of reporting cycle pushed the call rates slightly on the higher side. Inter bank rates are likely to soften with huge cash surplus......

Pound and Euro rises; USD and Yen flat

Saturday, March 17, 2007,11:16 [IST]

Mumbai, Mar 12 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US dollar 42.10 46.15 Sterling pound 81.70 88.95 Euro 55.05 60.30 Australian dollar 33.30 35.70 Bahrain dinar 110.70 123.10 Canadian dollar 35.40 38.95 Danish kroner 7.20 8.15 Egyptian pound 5.95 8.25 Hongkong dollar 5.25 6.10 Japanese yen/100 35.35 38.30 Jordan dinar 56.10 63.70 Kuwait dinar 139.80 158.80 Malaysian.....

Reliance, Bharti, MTNL apply for telecom service licence in S Arabia

Saturday, March 17, 2007,11:17 [IST]

Mumbai, Mar 12 (UNI) The Communications and Information Technology Commission (CITC) the telecommunications regulator in Saudi Arabia has received an overwhelming response from European, Asian and Gulf telecom service providers for its Request for Applications (RFA) to award a second fixed-line license and a third mobile license. In response to the RFA published by CITC in October last year, CITC received ten applications for fixed-line services license on March 10. Last month it received nine applications for mobile services license......

Tata Tea launches 'Tata Tea Life'

Saturday, March 17, 2007,11:17 [IST]

Mumbai, Mar 12 (UNI) Tata Tea, the world's second largest global branded tea operation today announced the launch of 'Tata Tea Life', a regular black tea with the addition of natural flavours of herbs and spices, traditionally known to provide overall health and wellness. The product has been specifically crafted after extensive consumer research, the findings of which suggested that while consumers want better health, they do not want to compromise on the taste which they are used to drinking everyday......