Call money ends low at 0.75-0.76 per cent

Mumbai, June 20 (UNI) Call money rates dipped low and closed at 0.75-0.76 today as compared to the previous close of 1.00-1.25 per cent.

With supply surpassing the demand for funds, the market remained static and closed lower, dealers said.

The Reserve Bank received Rs 69,450 crore at the LAF reverse repo auction. Availability of funds is sufficient to meet the borrowing requirements. Hence call rates continued to trade easy, dealers said.

With liquidity remaining comfortable, inter-bank rates are traded around current levels. However, expectations of cash surpluses too dwindled after the outflows towards advance taxes may keep market sentiment a little cautious, dealers added.

Intra bank rates traded firmly throughout the day.

UNI