Call money ends at 0.10 percent

Mumbai, Aug 2 (UNI) Call money rates today remained steady, ending at 0.10 per cent, same as the previous close.

During the day, Call money stood range bound at lower levels and is expected to make a jump to above 6 percent in coming sessions.

Call rates are likely to go up in next week when the hike in CRR will come effective, said traders.

RBI, in its quarterly credit policy review on July 31, had withdrawn the ceiling of Rs 3,000 crore on daily Reverse repo window to drain out the excess money in the market, which may, in turn, push the call rates up to the desired levels over 6.00 per cent in near term from the current lower margins.

UNI