Call money closes high at 7.50-7.75 pc

Mumbai, Jan 22 (UNI) Inter-bank call money rates today ended slightly higher at 7.50/7.75 per cent compared to the previous close of 6.05 per cent on fresh speculative buying support from money lenders in view of the big fall in the BSE's Sensex, dealers said.

The call money rates resumed higher at 6.60/6.75 per cent and fluctuated during the intra-day trading, touching a high of 7.85 per cent and a low of 6.50 per cent amid wide fluctuations.

Dealers said there were lack of funds with operators, but some operators were squaring up their outstanding positions. Many operators were interested in investing in other leading forthcoming IPOs.

The call money rates are expected to stabilize at this level in the near future, dealers added.

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