Call money remains low in early trade

Mumbai, May 31 (UNI) Call money remained low today at 0.8-1.00 per cent in early day trade as against the previous close of 1.00-1.25.

According to traders, this was a seven-year low met by call money rates yesterday.

Call money rates are belived to have been pushed down by lender moves who chose to deploy funds at lower levels amidst dearth of short-term investment avenues.

Call money had touched an all-time low of 0.25 percent in the year 1993, said traders.

Yesterday, call money had touched a day's high of 4.75 per cent but later plunged down to a low of 1.00 percent.

UNI