Mumbai Oct 16 (UNI) Adequate flow of capital in the inter bank call money market kept the rates steady today at 6.00-6.10 per cent. The overnight rates were traversing in the same level.
Reserve Bank of India, through reverse repo, received 21 bids worth Rs 34,215 crore today.
According to market watchers, call rates will hover around the same levels as long as there no mismatch in the liquidity in the call money market.
There are expectations in the market that call rates will shoot up to higher levels by the end of October when RBI announces its credit policy.