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Auction To Push Overnight Rates A Touch Higher

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BUSINESS STANDARD
Last Updated : Jan 28 2013 | 12:58 AM IST

Call rates are likely to rule in 5.75-6.00 per cent range during the week. Money market dealers said that Rs 7,000 crore of auction will keep call rates marginally higher than the previous week. But due to the liquidity overhang in the banking system, overnight rates are not likely to breach the six per cent mark.

A dealer with a private sector bank said,

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