Call rates end at 6.05 pc

Mumbai Oct 30 (UNI) Inter-bank call money rates today closed lower at 6.05 per cent compared to its previous close of 6.10 per cent.

During the day, it touched a high of 6.15 per cent.

The CRR hike by 50 basis points by RBI could not affect the call rates as the apex bank kept the repo and reverse repo rate unchanged, dealers opined.

At the LAF window, RBI accepted 7 bids worth Rs 3890 crore through repo rate at fixed rate of six per cent.

According to market watchers, call rates will hover will be range bound within 6.00-6.20 per cent on account of sufficent liquidity in the market.

UNI