Call money ends high at 5.45-5.65 pc

Saturday, March 17, 2007, 10:18 [IST]

Mumbai, Mar 8 (UNI) Interbank call money rates closed firm at 5.45-5.65 per cent as against 5.50-5.60 per cent on previous day's close on sufficient funds in the market, brokers said.

Comfortable cash surpluses were able to comfortably the routine borrowing requirements of the banks. No additional pressure was seen ahead of the Rs 7,000 crore worth GOI bond auction.

The 1-day reverse repo window saw the RBI received 38 bids worth Rs. 27,540. However, as per the new LAF policy only Rs. 2,999 crore was accepted while no bid was received at repo window.

The CBLO segment saw 361 bids worth Rs 23,607 crore getting transacted in the range of 4.50 to 5.18 per cent.

The bond auction today alongwith the quarterly tax outflows and the state loan auction to be held next week is likely to test the call money rates, brokers added.

UNI

Topics: MARKETS-CALL MONEY INTRO

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