Call money ends higher at 7.75 per cent

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Mumbai Dec 19 (UNI) Inter-bank call money rates today closed marginally higher at 7.75 per cent compared to its previous close of 7.15 per cent.

During the day, the call rates went up to 7.75 per cent and touched a low of 7.25 per cent.

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 have resulted in tightening of liquidity 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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