Call money rates end low at 0.6 pc

Mumbai, July 10 (UNI) Call money rates closed at 0.6 per cent compared to the previous close of 1.5 per cent.

Call rates opened at 1.5 per cent in morning and, during the day, touched a high of 0.75 per cent and a low of 0.6 per cent.

The Reserve Bank of India's intervention and bond redemptions, which kept enough liquidity in market, further caused a dip in call rates.

According to market watchers, any possible measure by the Reserve Bank to sustain excess reserves will cause an upward swing in call rates.

Sufficient liquidity in the market with infusion of Rs 50,000 crore into the system had kept call rates steady last week.

Dealers expect measures from Reserve Bank this week to tighten the liquidity in market.

UNI