Tech Jungle

Call rate slips down further to 1.25%
June 4, 2007, 3:15 pm
Filed under: FINANCE

The overnight inter-bank call money rate fell to 1.25 per cent at the close of trading in the money market today, down from yesterday’s low of 4 per cent. The rate is being pushed close to its low of 1 per cent, touched earlier this month, by a flush of liquidity caused by redemption of bonds on Monday. “Towards the end of the day, there were players in the market to lend around Rs 1,500 crore, but there were no takers,” said a call money dealer with a public sector bank.


Leave a Comment so far
Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: