Call money rates end higher at 7.75-8.00 per cent

Mumbai, June 28 (UNI) Call money rates closed at 7.75-8.00 per cent today as compared to the previous close of 6.75-7.00 per cent.

During the day, it touched a high of 8.25 per cent and a low of 7.50 per cent.

At the LAF window, the Reserve Bank of India (RBI), after a month, received 17 bids worth Rs 9,475 crore at the 1-day repo auction, while 2 bids worth Rs 10 crore were accepted at the 1-day reverse repo auction.

At the CBLO segment, 370 bids worth Rs 23,083 crore were traded in the range of 7.01-7.95 per cent.

Inter-bank rates are likely to face upward pressure, dealers added.

UNI