Call money ends at 8-8.25 per cent

Mumbai, May 17 (UNI) Call money rates today remained firm to close at 8-8.25 per cent, compared to the previous close of 8.50-8.75 per cent.

During the day it touched a high of 9 per cent and a low of 8 per cent.

Indian federal bond yields fell for a fourth straight session on Thursday, as a higher level of cash boosted demand in the banking system, dealers opined.

Traded volume was a normal Rs 950 crore (3 million) throughout the day.

The central bank sold Rs 6,000 crore of 2010 market stabilisation bonds at a cut-off price of Rs 98.64, higher than market expectations of Rs 98.53, after receiving bids of Rs 16,600 crore.

A growing view that inflation may cool further also underpinned sentiment, the dealers added.

UNI