Mumbai, Jan 1 (UNI) Aided by the much needed capital inflow in the money market, call rates today closed lower at 6.25 per cent as against its previous close of 7.25 per cent.
During the day, call rates touched a high of 7.25 per cent and a low of 6.00 per cent.
According to market watchers, call rates, trading in the range of 7.00-8.00 per cent, came down by more than one per cent as there was active trading by commercial banks in an otherwise dull market, as many financial institutions remained closed on the first day of the year 2008.
In coming days, the call rates are expected to ease further with infusion of fresh funds in the market that will ease the liquidity, dealers at the call money market said.
The Reserve Bank of India today, through one day repo auction, received two bids worth Rs 2,050 crore.
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