Call rates opens low at 0.40-0.50 per cent

Mumbai, Jun 20 (UNI) Call money rates opened low at 0.40-0.50 per cent compared to their previous close of 1.00-1.25 per cent.

With supply surpassing the demand for funds, call rates opened low.

The RBI received Rs 69,450 crore at the LAF reverse repo auction yesterday. 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 expected to trade around current levels. However, expectations of cash surpluses to dwindle after the outflows towards advance taxes may keep market sentiment a little cautious, dealers added.

Call money rates are expected to trade easy.

UNI