Call rates open at 0.10 pc

Mumbai, Aug 2 (UNI) Call rates continued to be at lower levels as it opened at 0.10 per cent today.

Call rates are likely to improve margins from next week when the hike in Cash Reserve Ratio (CRR) will come effective, said dealers.

RBI, in its quarterly credit policy review on July 31 had also withdrawn the ceiling of Rs 3,000 crore on daily Reverse repo window to drain out the excess money in the market, which may, in turn, push the call rates up to the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, opined dealers.

Call money had closed at 0.1-0.2 per cent yesterday.

UNI