Call money ended at 8.00-8.50 per cent

Mumbai, Apr 25 (UNI) Call money ended firm at 8.00-8.50 per cent compared to its previous close of 8.00 to 8.25 per cent on Tuesday.

During the day it touched a high of nine per cent and a low of seven per cent.

As banks continued to borrow funds to cover their reserve requirements, supplies remained slightly under pressure, dealers said.

At the LAF window, the RBI received seven bids worth Rs 1,755 crore at the one day reverse repo window while 15 bids worth Rs 3,490 crore were accepted at the one day repo window.

In the CBLO segment, 425 bids for Rs 23,693 crore were traded in the range of 4.05-8.00 per cent.

Inter bank rates are likely to hover around the current level with the market already in the deficit along with upcoming bond auction worth Rs 6,000 crore scheduled for this week.

UNI