Call money ends higher at 07.00-07.10 pc

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Mumbai, Jan 29 (UNI) Interbank call money rates ended firm to settle at 07.00-07.10 per cent today as against the previous close of 06.80-06.90 per cent on some scattered demand from leading bankers, dealers said.

It resumed flat at 6.90/7.00 per cent, later, it fluctuated in a narrow range at 6.10 to 7.25 during the session. There was marginal change at the end of session. Dealers were disappointed as key rates were left unchanged by RBI's monetary policy.

They said Reserve bank of India (RBI) has released one day's reverse repo and repo auction at around Rs 23,160 crore each, with interest rate of six per cent. A total of 14 bids were accepted by RBI, brokers said.


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