Call rate settles at 6.1 percent

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Mumbai Oct 9 (UNI) Inter-bank call rates closed at 6.1 percent today as compared to the previous close of 6.10 percent.

The rates stood range-bound during most part of the day, said dealers.

At the reverse repo window, RBI today accepted Rs 69,620 crore from the system, accepting all the 44 bids received.

According to dealers, foreign investments continue to enter the Indian markets, ranging around 25-30 billon US dollars since April this year.

In the coming two days, inflows are expected to be in the range of 500-600 million US dollars, they added.

Call rates will remain at these levels till the upcoming mid-term policy of RBI this month, said traders.

UNI

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