Call rate remains stable
Friday, 11 September 2009
FE Report
The inter-bank call money rate remained almost stable Thursday as there was injection of fresh funds by the central bank in the market ahead of the Eid-ul-Fitr, treasury officials said.
The call rate ranged between 2.50 per cent and 7.25 per cent on the day against the range between 3.00 per cent and 7.25 per cent of the previous day. However, most of the deals were settled at rates varying between 3.00 per cent and 4.00 per cent, the market operators said.
The inter-bank call money rate remained almost stable Thursday as there was injection of fresh funds by the central bank in the market ahead of the Eid-ul-Fitr, treasury officials said.
The call rate ranged between 2.50 per cent and 7.25 per cent on the day against the range between 3.00 per cent and 7.25 per cent of the previous day. However, most of the deals were settled at rates varying between 3.00 per cent and 4.00 per cent, the market operators said.