Call money closes lower at 10 to 12 per cent

Mumbai, Apr 3 (UNI) Inter bank call money rates ended at 10.00-12.00 per cent, substantially lower than last Friday's closing level of 40.00-50.00 per cent.

Liquidity remained under pressure owing to the unexpected the repo rate hike, CRR hike news which is expected to suck Rs 15,500.

crore in addition to bond auction (under MSS) worth Rs. 6,000 crore.

At the CBLO segment, 385 bids worth Rs 16,483 crore were transacted in the range of 7.00-12.00 per cent.

Inter bank rates are likely to trade at wide range, traders said.

UNI