Call rates close at 7.00-7.15 pc

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Mumbai, Sep 27 (UNI) Call rates closed at 7.00-7.15 per cent, marginally up from yesterday's close of 6.00-6.2 per cent, reflecting the tightening liquidity conditions in the system.

At the liquidity adjustment facility reverse repo window, Reserve Bank today sold securities worth Rs 281.80 billion in its continuing efforts to suck out the excess liquidity.

Call rates may slightly go up tomorrow on account of the reporting Friday and is likely to stay in a tight range during the week ahead following the constant surveillance from the regulator, a dealer opined.

Earlier, call rates opened at 6.25 per cent in the morning, marginally higher from the previous close and moved up to cross 7 per cent in the forenoon session.

After touching the day's high of 7.40 per cent, it came down to the lower levels in the late day session.


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