Call money opens higher at 3-4 pc

Mumbai, June 11 (UNI) From its lower levels, which it met in past sessions, Interbank call rates staged a smart comeback today when it opened at 3.00-4.00 per cent as compared to the Friday's close of 0.25-0.30 per cent.

According to market sources, call rates are likely to move up in the ensuing sessions.

The government will auction Rs 5,000 crore of treasury bills on Monday and as Rs 6,000 crore of bills on Wednesday.

On Friday, the call rates had touched a low of 0.25 per cent with traders keeping away from business after witnessing an excess cash flow in the market.

UNI