Call money opens at 8.00-8.25 per cent

Mumbai, May 21 (UNI) Call money rates opened largely steady today at 8.00-8.25 per cent, as compared to Friday's close of 7.90-8.10 per cent.

Higher call rates reflected the 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 and coupon payments were expected to relieve deficit to some extent this week. Inter bank rates are likely to be firm throughout the day, they added.

UNI