Call money ends low at 6.00-6.10 per cent

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).

UNI AD SSS SKB1850