Call money ends firm at 5.00-5.25 per cent

Mumbai, Apr 13 (UNI) Comparatively higher borrowing demand on the reporting day today pushed call rates to end at 5.00-5.25 per cent from 1.75-2.25 per cent previously, dealers said.

Last minute covering of reserve requirements and auction outflows led to increased fund requirements, resulting in higher call rates.

At the LAF window, the RBI received 16 bids worth Rs 29,300 crore at the 3-day reverse repo window but accepted only Rs 3,000 crore while no bids were received at the 3-day repo window.

In the CBLO segment, 444 bids for Rs 18,950 crore were transacted in the range of 1.00-5.50 per cent.

Call rates are expected to remain easy with comfortable liquidity and huge inflows by way of coupon payments and redemptions offsetting the impact of CRR hike and MSS auction outflows.

UNI