Call money close low at 6.50-6.70 pc

Mumbai, Feb 13 (UNI) Call money rates closed low at 6.50-6.70 per cent from the previous close of 6.50-6.70 per cent, dealers said.

Comfortable supply, evident from the fact that banks skipped taking LAF repo support for the fourth straight trading session, helped the rates to trade soft.

The LAF window saw the RBI accepting ten bids worth Rs 4,090 crore at the 1-day reverse repo auction while no bids were received at the 1-day repo auction.

On the CBLO segment, 353 bids worth Rs 21,788 crore were traded in the range of 6.30-6.64 per cent.

Ample surplus and modest borrowing requirements are likely to result in the call money rates staying on the lower side, traders added.

UNI