Call rates closes flat at 8.10/8.20 per cent

Mumbai, Dec 20 (UNI) Interbank call rates closed the day unchanged at 8.10-8.20 per cent, dealers said.

Despite liquidity continuing to remain as the biggest worry for traders, soft demand requirements helped the call rates to remain steady.

There were also reports that the banks were undermaintaining this week with the RBI and hence the low reverse repo numbers at the LAF window may not be actual indicator of the systemic liquidity.

The LAF window saw the central bank accepting a mere 5 bids worth Rs 95 crore at the 1-day reverse repo auction. While at the 1-day repo auction 30 bids amounting to Rs 11,640 crore were received.

At the CBLO segment, 365 bids worth Rs. 19,272 crore were transacted in the range of 7.20-7.35 per cent.

On account of the modest demand for funds amongst banks, inter bank rates are expected to hover around the present levels, brokers added.

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