banks parked over Rs 1,00,000 crore with the Reserve Bank of India (RBI) through the reverse repo window, indicating that there was a surplus liquidity in the system. As a result, the weighted average call rate was 3.52 per cent, as against 3.55 per cent on Saturday, according to data on the Clearing Corporation of India’s website.
Banks park over Rs 1 lakh cr via reverse repo
CA Manish K Dhoot (CA, B. Com, NCFM, CPCM) (5015 Points)
15 April 2009
CAclubindia
