Call money opens at 0.30-0.35 pc

Mumbai July 17 (UNI) With the supply far exceeding the demand for funds, call rates opened at 0.30-0.35 per cent.

Bond auctions and T-bills sale together worth Rs. 18,000 crore scheduled in the week are likely to keep the borrowing high, dealers said.

However, with the existing cash supplies expected to provide for the same, call rates are likely to trade soft below 1 per cent level.

dealers added.

UNI