Call money slips further to 1.25

Mumbai, May 30 (UNI) Call money today slipped further to close at 1.00-1.25 percent as compared to the previous close of 4.00-4.25 percent.

During the day, it touched a high of 4.75 percent and a low of 1.00 percent.

In the morning session, Call money opened higher at 4.25-4.75 per cent from the previous close of Rs 4.00-4.25 per cent.

Call rates slipped today after cash supplies got a big boost this week. Investors were seen worried on the fear of RBI intervention in the market, dealers said.

The yield on the 10-year federal bond stood at 8.09 per cent, lower than 8.10 per cent in the previous close.

Market speculated a possible bid by central bank announcing an issue of market stabilisation scheme (MSS) bonds this week to absorb the excess liquidity.

UNI