Call money opens at 0.25-0.50 pc

Mumbai, July 18 (UNI) Call rates opened at 0.25-0.50 per cent compared to the previous close of 0.3-0.5 per cent.

Large short-term borrowing by the government from the central bank has indicated a sharp increase in government spending, dealers opined.

In addition to this, banking system has remained robust with cash due to increased government spending and intervention by the central bank in the foreign exchange market to cap the rupee's gains.

Call rates are likely to trade easy around current levels, dealers added.

UNI