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Call rates end low

Call money rates ended lower due to lack of demand from borrowing banks

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Agency Mumbai
Last Updated : Jul 04 2013 | 11:22 PM IST
Call money rates ended lower due to lack of demand from borrowing banks. It finished lower at 6.35 per cent from 6.50 per cent on Wednesday. It moved in a range of seven per cent and 6.25 per cent. RBI under the liquidity adjustment facility purchased securities worth Rs 11,690 crore in six bids at the one-day repo auction at a fixed rate of 7.25 per cent and sold securities worth Rs 5,470 crore in 10 bids at the one-day reverse repo auction at a fixed rate of 6.25 per cent.

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First Published: Jul 04 2013 | 11:01 PM IST

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