Call money ends low at 6.00-6.10 per cent

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Mumbai, Jan 8 (UNI) Inter-bank call rates remained unchanged today and closed at 6.10-6.15 per cent as against the previous close of 6.10 per cent.

During the day, it touched a high of 06.25 per cent and a low of 05.95 per cent.

Call money dealers said the liquidity situation was quite comfortable as enough money had entered the system as a form of special deposit schemes.

Dealers said the government had started spending, which would bring back funds, mopped up towards advance taxes last month.

However, in a bid to absorb excess liquidity in the system, Reserve Bank of India (RBI), through one day reverse repo, received 6 bids worth Rs 4,560 crore.

Call rates, at which banks borrow and lend from the market, were ruling higher at 7-8 per cent till the mid-December last year.

Call money market dealers said rates might remain at these levels till the time central bank announces any major auction or the market stabilisation scheme (MSS).


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