Call money ends lower at 06.00-06.50 pc

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Mumbai, Feb 4 (UNI) Interbank call money rates today ended lower at 06.00-6.50 per cent as against 07.10-07.25 per cent the previous day on sustained offloading by local banks in the face of surplus fund at the domestic market, dealers said.

Resuming firm at 7.00/7.15 per cent, the rates fluctuated in a narrow range at 6.00 to 7.50 during the session. There was limited activity by local operators.

Reserve bank of India has released one day's reverse repo and repo auction at around Rs 6,690 crore each, with interest rate of six per cent. A total of 22 bids were accepted by RBI, brokers said. It recorded a volume of one leg of Rs 6,685.36 crore and weighted an average rate of 6.45 with a range of 5.00-8.25 during the session, a RBI release said.


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