ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

Softening of Short-term Interest Rates

With surplus liquidity in the system, the call rate fell from 4.22% to 3.45%, the repo rate declined from 3.95% to 2.54%, and the collateralised borrowing and lending obligations rate dropped drastically from 3.59% to 2.15%, all average values during April 2009 compared to the previous month.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now


(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top