Call money closes flat at 5.40-5.50 pc

Saturday, March 17, 2007, 11:23 [IST]

Mumbai, Mar 14 (UNI) Interbank call money rates closed flat for the third straight session today at 5.40-5.60 per cent on sufficient funds in market.

Dealers said steadily increasing reverse repo numbers indicative of the healthy cash surpluses aided the inter bank rates to remain soft.

The 1-day reverse repo window saw the Central Bank receiving 37 bids worth Rs 37,175 crore. However, as per the new LAF regulations, only Rs 3,000 crore was accepted while no bid was received at 1-day repo window.

The CBLO segment saw 405 bids worth Rs 23,430 crore getting traded in the range of 3.00 to 4.90 per cent.

Amidst excess cash supply, call rates are likely to remain around the current levels, traders added.

UNI

Topics: MARKETS-CALL MONEY

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