Call money ends at 7.60-7.80 per cent

Mumbai, May 24 (UNI) Call money rates remained stable to settle at 7.60-7.80 per cent today as compared to the previous close of 7.70-7.80 per cent.

During the day it touched a high of 7.85 and a low of 7.75 per cent.

Cash inflow in the market was evenly poised and normal as the traders feared RBI's measure to absorb cash ahead of bond auction worth Rs 8,000 crore.

At the LAF window, the RBI accepted 10 bids worth Rs.6,755 crore at the 1-day repo auction while received 1 bid for Rs.25 crore at the 1-day reverse repo auction.

At the CBLO segment, 460 bids for Rs. 29,925 crore were transacted in the range of 7.46-7.80 per cent. Inter bank rates are expected to remain in a range, the traders added.

UNI