Call rates closes flat at 8.00-8.25 pc

Mumbai, Jan 11 (UNI) Interbank call rates today remained steady at 8.00-8.25 per cent during the closing session, traders said.

Despite the reverse repo numbers at the LAF window taking a dip again, the modest demand levels meant that the inter bank rates continued to trade around the present levels.

Sentiment was also helped by the fact that today's GOI bond auction involves a long dated paper and hence most banks are not likely to pitch in for it in a big way.

The LAF window had the RBI accepting three bids worth Rs 125 crore at the 1-day reverse repo auction while at the 1-day repo auction, 37 bids amounting to Rs 19,015 crore were accepted.

The CBLO segment witnessed 289 bids worth Rs 18,467 crore being traded in the range of 7.20-7.49 per cent.

With liquidity expected to remain tight for a few days ahead, increasing borrowing requirements from the banks are likely to put some pressure on the call money rates, dealers added.

UNI