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
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Story first published: Friday, June 29, 2007, 1:35 [IST]