Call money closes low at 6.00 pc

Mumbai, Oct 24 (UNI) Interbank call money prices today closed lower at 6.00 per cent as against the previous day's close of 6.10 per cent due to thin buying support from local bankers in view of huge funds in the local market.

The Reserve Bank of India (RBI), through one-day reverse repo, received 28 bids worth Rs 32,260 crore at fixed rate of six per cent today.

According to market watchers, call rates are likely to come down in the face of increased funds from lenders, dealers added.

UNI