Inter-bank call money rates wound up in the 6.00-6.15 per cent range today, compared with 6.00-6.20 per cent on Monday, on the back of ample liquidity in the banking system. Prices of government securities came down by 10-15 paise spurred by profit taking on account quarter-end considerations.
That the money market is awash with liquidity can be gauged by the fact that the Reserve Bank of India (RBI) received two bids amounting to Rs 10,110 crore for the one repo auction. It accepted both the applications at the repo rate of six per cent.
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