Business Standard

Advance Tax, Crr To Crank Up Call ...

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BUSINESS STANDARD

Call rates are expected to remain firm in the band of 6.50-7.00 per cent during the week due to outflows of advance tax.

Money market dealers said many banks have not covered their cash reserve ratio requirements (CRR) and hence there will be some extra pressure on overnight money during the week.

The treasury head of a new private sector bank said,

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First Published: Mar 18 2002 | 12:00 AM IST

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