Call money rates end at 0.10-0.20 per cent

Mumbai June 22 (UNI) Call money rates today ended at 0.10-0.20 per cent, lower than their previous closing level of 0.20-0.30 per cent.

The residual demand for funds to meet the mandatory targets remained low, dealers opined.

At the LAF window, though the RBI received 68 bids for Rs 77,580 crore at the 3-day reverse repo auction, it accepted only Rs 2,997 crore. No bids continue to be received at the repo auction.

At the CBLO segment, 234 bids worth Rs 20,518 crore were transacted in the range of 0.01-0.50 per cent.

With markets largely expecting central bank intervention so as to curb the excess liquidity in the market, call rates are expected to inch up from current levels, dealers added.

UNI