Call money ends high at 7.15-7.30 pc

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Mumbai, Dec 18 (UNI) Inter-bank call money rates closed high today at 7.15-7.30 per cent compared to its previous close of 6.75 per cent.

During the intra-day trading, it touched a high of 7.30 per cent and a low of 7.10 per cent, dealers said.

Call rates were traversing in the range between 6.00 and 8.00 per cent for the past few days and are expected to follow the same trend as there is less trading by banks in the market.

Inadequate supply of funds in the system has resulted in tightening of liqudity in the system, dealers added.

On Monday, a substantial amount of cash had gone out of the system in the form of advance tax outflows.

There was no auction of bonds by the Apex Bank today.

UNI

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