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India Call: Ends at RBI's SDF rate on low demand for funds from banks

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India Call

Ends at RBI's SDF rate on low demand for funds from banks

This story was originally published at 17:31 IST on December 21, 2024  Back
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By Siddhi Chauhan

The interbank call money rate ended at the Reserve Bank of India's standing deposit facility rate of 6.25% on Saturday, due to minimal demand for funds from banks. According to dealers, most banks had already met their funding needs for the weekend on Friday, resulting in low market activity.

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