Call money ends low at 7.75 to 8 per cent

Mumbai, May 21 (UNI) Call money rates sustained on the lower levels and closed at 7.75-8 per cent today compared to the previous close of 7.90-8.10 per cent last Friday.

During the day it touched a high of 8.25 per cent and a low of 7.75 per cent.

Higher call rates reflected liquidity deficit in the money market but the lack of upward pressure on rates indicated that traders appeared untroubled with the immediate-term liquidity scenario, dealers said.

Despite auction outflows, traders believe that liquidity could improve in the coming days. Bond redemptions, coupon payments are expected to relieve deficit to some extent this week. Inter-bank rates remined firm throughout the day, dealers added.

UNI