Mumbai, Sep 27 (UNI) Call rates opened at 6.25 per cent marginally higher from the previous close of 6.00.6.2 per cent and moved up to cross 7 per cent level in the morning trade, ahead of tomorrow's reporting Friday.
The short-term interbank interest rates quoted higher at 7.40 per cent during the course of trading when there was some demand, dealers said. The call rates currently quoted at 7.10 per cent, they said.
The rates likely to be in a range bound in view of reporting friday. Almost all banks have covered up their position. The rates see some upward trend only if there is last minute rush for funds, dealers said.