Over the past month, the call rate has hovered around 6.75%, 25 bps higher than the benchmark policy repo rate. The call market is an uncollateralised lending and borrowing facility used by banks to meet short-term funding needs.
Monday dawns, stock markets hold their breath
On Black Monday, the Dow Jones Industrial Average in the US plunged 22.6% – the steepest one-day percentage drop in its history. The selloff was