ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Squarish but Tight

In the narrow interbank call money market in Bombay last week — "narrow," because the volume of fresh money transacted continues to be small — conditions tended to become somewhat tight though the call rate was maintained at four per cent per annum. There were no transactions at lower rates and lenders tried hard to bid up the rate to a high perch by squeezing down supply.

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