Call money closed below 7 per cent

Mumbai, Feb 9 (UNI) Call money rates today came down marginally and closed at 6.40 per cent in an otherwise quiet market.

The call rates opened at 6.60 per cent and further to 6.40 per cent and held steady at the level till end of the day, dealers said.

The Reserve Bank of India has successfully conducted the auction of Rs 9,000 crore of bonds, Rs 6,000 crore of a seven-year bond and Rs 3,000 crore of a 29-year bond, dealers said.

According to them, the opening day of the next week would be crucial, since the system has witnessed an outflow of liquidity during the auction.

UNI