Call money closes low 5,40-5.50 pc

Saturday, March 17, 2007, 11:26 [IST]

Mumbai, Mar 15 (UNI) Interbank call money rates tightened marginally to 5.40-5.50 per cent as against 5.20-5.40 per cent on the previous day's close, dealers said.

Despite the current cash supply being comfortable, apprehensions over the near term liquidity put some pressure on the call rates.

The one-day LAF reverse repo window saw the central bank receiving 24 bids worth Rs 27,515 crore. However, as per the new LAF regulations, only Rs 3,000 crore were accepted while one bid worth Rs 20 crore was received at one-day repo window.

The CBLO segment saw 429 bids worth Rs 23,367 crore getting traded in the range of 3.60 to 6.45 per cent.

With liquidity expected to be tested due to the quarterly tax outflows, inter bank rates are likely to tighten marginally, dealers added.

UNI

Topics: MARKETS-CALL MONEY-INTRO

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