Call money ends low at 0.25-0.30 percent

Mumbai, June 8 (UNI) Call money rates hovered at lower levels to close at 0.25-0.30 percent today compared to the previous close of 0.30-0.40 percent.

During the day, it touched a high of 0.50 percent and a low of 0.25 percent.

The excess cash flow in the market resulted in traders keeping away from the market. The money market liquidity remained comfortable which nullified the impact of outflows and sufficiently met the borrowing requirements, dealers said.

At the LAF window, the Reserve Bank of India (RBI) received 82 bids worth Rs 1,09,990 crore at the one-day reverse repo auction but accepted bids worth Rs 3,000 crore, while no bid was received at the one-day repo auction.

At the CBLO segment, 170 bids for Rs 14,750 crore were transacted in the range of 0.01-0.15 per cent.

Inter bank rates are likely to stay at the current level in the near term, dealers added.

UNI