Call money ends at 8.75-9 pc

Mumbai, May 15 (UNI) Call money rates remained steady today and closed at 8.75-9 per cent compared to the previous close of 8.50-9 per cent.

During the day, the rate touched a high of 9.25 per cent and a low of 8.75 per cent.

Liquidity remained under pressure due to high borrowing requirements from banks and ahead of bond auction (under MSS) worth Rs.6,000 crore, opined dealers.

At the LAF window, the RBI received a bid worth Rs 10 crore at the 1-day reverse repo auction while 30 bids worth Rs 24,115 crore were accepted at the 1-day repo auction.

At the CBLO segment, 339 bids for Rs 20,343 crore were transacted in the range of 7.60-8.00 per cent.

Inter bank rates are likely to firm due to deficit in the market, the dealers added.

UNI