Call money ends lower at 4 pc

Subscribe to Oneindia News

Mumbai, Oct 12 (UNI) Inter-bank call money rates closed lower today at 4.00 per cent.

The overnight rates were traversing between 6.00-6.10 per cent.

Being reporting Friday, call rates dipped to lower levels due to the ample liquidity in the system, dealers opined.

Money market dealers said liquidity conditions will continue to be soft. Banks borrowed over Rs 36545 crore through RBI's repo auctions today.

According to market players, the call rates will hover around more or less in the same levels in the coming week.

Dealers expect that the announcement of RBI CRR policy, by the end of October, will help the call money rates go up to higher levels.

UNI

Please Wait while comments are loading...