Call money rates ends at 6.10 pc

Mumbai Oct 31 (UNI) Inter-bank call money rates closed marginally higher today at 6.10 per cent compared to its previous close of 6.05 per cent.

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

At the LAF window, RBI accepted 5 bids worth Rs 5,015 crore through the repo rate at fixed rate of 7.75 per cent.

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

The hike in CRR by the RBI by 50 basis points in its mid-term policy review did not affect the rates as the apex bank kept repo and reverse repo rate unchanged, dealers added.

UNI