Call money ends higher at 06.80-06.90 pc

Mumbai, Jan 28 (UNI) Interbank call money rated ended higher to settle at 06.80-06.90 per cent today as against the previous close of 06.00-06.10 per cent last Friday due to paucity of funds, dealers said.

They said Reserve bank of India (RBI) has released one day's reverse repo and repo auction at around Rs 13,780 crore each with interest rate of six per cent. A total of nine bids were accepted by RBI.

The call money rates resumed firm at 07.50-07.75 per cent.

Later, it fluctuated in a narrow range between 6.50 and 8.00 per cent during the session.

Sellers were active but a few operators were squaring up their outstanding positions because of lesser funds in the domestic market. However, activity was restricted, brokers added.

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