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Call rates end low

Call money rates ended lower due to lack of demand from borrowing banks

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Agency Mumbai
Call money rates ended lower due to lack of demand from borrowing banks. It finished lower at 6.35 per cent from 6.50 per cent on Wednesday. It moved in a range of seven per cent and 6.25 per cent. RBI under the liquidity adjustment facility purchased securities worth Rs 11,690 crore in six bids at the one-day repo auction at a fixed rate of 7.25 per cent and sold securities worth Rs 5,470 crore in 10 bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.

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First Published: Jul 04 2013 | 11:01 PM IST

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