Call money rate ended down for third straight working day as lenders slashed rates owing to ample liquidity, dealers said.
The one-day call rate ended at 4.15-4.25 per cent today compared with 4.35-4.50 per cent at yesterday’s close.
CBLOs ended at weighted average rate of 3.85 per cent compared with 3.82 per cent yesterday.
Ample liquidity was evident from subscription at Reserve Bank of India’s reverse repo tenders. Banks parked Rs 59,360 crore at the two tenders today compared with Rs 57,495 crore yesterday.
Overnight rates are expected to be in 4.00-4.25 per cent band going forward.
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