Call money opens flat at 8 pc

Mumbai, May 18 (UNI) Interbank call money rates opened steady today at 8.00-8.25 per cent but above the LAF repo rate with the money market being in a deficit.

Anticipation of improvement in the liquidity conditions and ongoing support from the RBI have helped call rates to stay in a range despite a deficit, dealers said.

The RBI infused Rs 24,550 crore through the LAF repo window yesterday.

Inter bank rates are likely to hover around the current levels, dealers added.

UNI