Call money closes high at 8.20-8.30 pc

Mumbai, Dec 21 (UNI) Interbank call rates today closed the day marginally up by 10 bps at 8.20-8.30 per cent, dealers said.

Demand requirements from the banks remained on the lower side as they had covered for most of their CRR requirements in the earlier week itself.

This helped the inter bank rates to not go up by much despite the systemic liquidity still remaining under strain.

The LAF window saw the RBI accepting seven bids worth Rs 125 crore at the one-day reverse repo auction. While at the one-day repo auction 34 bids amounting to Rs 11,640 crore were received.

At the CBLO segment, 313 bids totalling upto Rs 18,699 crore were traded in the range of 7.20-7.35 per cent.

Call rates are expected to trade around the present levels tomorrow. The new week, however, would see fresh demand for funds amongst banks amidst the prevailing tight liquidity which is likely to push the call rates further up, traders added.

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