Call money slips to 8.10/8.20 pc

Mumbai, Dec 19 (UNI) Interbank call rates ended the day at 8.10-8.20 per cent, a tad lower as against its previous close of 8.15-8.25 per cent, traders said.

Liquidity continued to pose the single biggest concern for traders as the impact of the advance tax outflows was still weighing on the sentiment.

However, with demand tapering off compared to its level in the preceding week, call rates eased marginally.

The one day reverse repo numbers at the LAF window was indicative of the extent of the cash crunch as the same saw the RBI accepting a mere 6 bids worth Rs.95 crore, a 9 month low.

Expectedly, the one day repo auction once again had a substantially higher number of bids being received. A total of 29 bids amounting to Rs.8,410 crore were accepted there.

The CBLO segment had 350 bids totalling upto Rs. 20,282 crore being transacted in the range of 7.20 -7.75 per cent.

Even as the systemic liquidity continues to remain under pressure, demand requirements are expected to be modest towards the weekend. Hence, inter bank rates are likely to ease marginally, dealers said.

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