Call money ends lower at 5.00-5.25 pc

Mumbai, Apr 10 (UNI) Inter bank rates dipped further to 5.00-5.25 percent from their previous closing level of 6.75-7.00 percent.

A marked improvement in liquidity resulted in supplies out stripping demand, despite an impending auction of Rs 10,000 crore scheduled this week.

Surplus funds in te banking system was evident from the RBI LAF window. The Central bank received 31 bids of Rs 29,120 crore at the 1-day reverse repo window but accepted only Rs 3,000 crore while no bids were received at the 1-day repo window.

In the CBLO segment, 475 bids worth Rs 24,225 crore were transacted in the range of 2.25-5.56 percent. Call rates are likely to trade softer due to excess cash supply in the banking system, dealers added.

UNI