Call money ends at 0.30-0.40 pc

Mumbai, July 23 (UNI) Call rates remained soft and ended at 0.30-0.40 per cent, as against its previous close of 0.50-0.60 per cent.

Auction outflows and new fortnightly targets failed to hamper liquidity in the banking system. Consequently call rates traded easy below 1 per cent levels, dealers said.

At the LAF window, though the RBI received 70 bids worth Rs 97,815 crore at the 1-day reverse repo auction, it accepted only Rs 2,999 crore while no single bid was received at the 1-day repo auction.

At the CBLO segment, 241 bids worth Rs 24,470 crore were transacted in the range of 0.01-0.09 per cent.

Call money rates are expected to trade soft in coming days, dealers added.

UNI