Call rates settle at 6.00-6.2 pc

Mumbai, Sep 26 (UNI) Call rates stood range bound during the day and closed at 6.00-6.2 per cent, almost same as yesterday's closing level of 6.00-6.10 per cent.

At the Liquidity Adjustment Facility (LAF) reverse repo window, Reserve Bank today accepted all the 18 bids received worth Rs 227.65 billion.

Yesterday, the RBI had sold securities worth Rs 261.8 billion in order to suck out the excess cash in the system.

In the Forex market, taking strong cues from the still continuing fund flows to the country and responding to the overseas investment relaxation norms issued by Reserve Bank yesterday, the Rupee touched a high of 39.60/62 per dollar and later closed the day at 39.70/71 per dollar, dealers said.

Rupee was also seen taking strong correlations from the Sensex which crossed the 17,000 mark today. It later settled at an all-time closing high of 16921.39.

UNI