Call money remains steady at 6.10/6.20 per cent

Mumbai, Dec 1 (UNI) Interbank call money rates ended the trading session flat at 6.10-6.20 per cent.

On the back of ample liquidity, call rates continue to trade soft.

Borrowing requirements remained steady but the supply was able to match them.

Also, there were reports of RBI having intervened again this week in the forex market (buying dollars) thereby helping the liquidity situation to improve even further.

The LAF window saw the RBI accepting 37 bids worth Rs 24,530 crore on the 1-day reverse repo auction.

The CBLO segment saw 341 bids worth Rs 18,374 crore being transacted in the range of 5.45-6.05%.

The systemic liquidity is likely to come under strain in the week ahead on account of the GOI bond auction. And with the supplies not expected to match the outflows, inter bank rates could inch up in the near future, traders said.

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