Call money ends slightly up at 0.40-0.60 percent

Mumbai, June 4 (UNI) Call rates ended slightly higher today at 0.40-0.60 percent as compared to the previous close of 0.30-0.50 percent.

During the day, it touched a high of 1.00 percent and a low of 0.40 percent.

Monetary tightening measurers from Reserve bank like auction of treasury bills and bond issuances were hardly seen as a matter of concern in the call market as excess cash supply was enough to cover scheduled outflows, brokers said.

Market watchers still expect further tightening measures to cap the excess liquidity, which may come in to the scene in short-term, dealers said.

Call rates are still hovering around lower margins and may continue at this point in the sessions ahead, added dealers.

UNI