Mumbai, Oct 15 (UNI) Inter-bank call money rates closed higher today at 6.00-6.10 per cent, compared to its previous close of 4.00 per cent.
Money market dealers said liquidity conditions will continue to be soft. Banks borrowed over Rs 46,000 crore through RBI's repo auctions today.
According to market players, the call rates will hover around more or less the same levels in the coming week.
Dealers expect that the announcement of RBI CRR policy, by the end of October, will help the call money rates go up to higher levels.