call money ends lower at 7-7.10 per cent

Mumbai, May 25 (UNI) Call rates ended softer at 7.00-7.10 per cent today from their previous level of 7.60-7.80 per cent.

Intra-day rates eased to a low of 6.70 per cent.

Fears of the RBI's further MSS bond auction announcement abated due to huge inflows at the start of next week and the central bank's recent intervention in the currency market kept traders away from trading, dealers said.

At the LAF window, the RBI accepted 13 bids worth Rs. 5,010 crore at the 3-day repo auction while received 3 bids for Rs.320 crore at the 3-day reverse repo auction.

At the CBLO segment, 485 bids for Rs. 24,396 crore were traded in the range of 3.10-8.50 per cent.

Inter bank rates could soften as inflows through bond redemptions are likely to offset auction outflows, added the dealers.

UNI