Call rates close low at 5.40-60 pc

Mumbai, Mar 12 (UNI) Interbank call money rates were lower at 5.40-5.60 per cent against previos day's close of 5.40-5.60 per cent, brokers said.

Ample cash supply ensured that despite outflows owing to the twin GOI bond auctions, the borrowing requirements of the banks were comfortably met with.

The one-day reverse repo window saw the RBI receiving 39 bids worth Rs 32,820. However, as per the new LAF regulations, only Rs 3,000 crore was accepted while no bid was received at one-day repo window.

The CBLO segment saw 421 bids worth Rs 25,493 crore being traded in the range of 4.02 to 6.20 per cent.

Excess money supply is likely to nullify the impact due to the upcoming MSS and state loan auction. As a result, inter bank rates are expected to hover around the current levels, dealers added.

UNI