Call money closes low at 6.10/6.20 per cent

Mumbai, Nov 30 (UNI) Interbank call money rates closed at 6.10-6.20 per cent against their previous close of 6.15-6.25 per cent, traders said.

Demand for funds to meet the reserve targets eased slightly during the day as banks covered in excess initially in the reporting cycle. This kept the systemic liquidity in the comfort zone despite expectations of strain on liquidity on account of gilts auction worth Rs. 9,000 crore slated between December 1-8.

At the LAF window, RBI received 25 bids worth Rs. 18,165 crore at the 1-day reverse repo auction against Wednesday's 21 bids worth Rs. 11,925 crore. No single bid was received at the 1-day repo auction.

At the CBLO segment, 322 bids worth Rs. 19,185 crore were transacted in the range of 5.92-6.07%.

Call rates are likely to ease and trade near the current levels on support by sufficient liquidity levels, dealers added.

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