Call rate ends above 4 per cent

MONEY MARKET ROUND-UP

Call money rate ended above 4 per cent today despite banks borrowing to make payment for government bonds auctioned on Friday, dealers said.

The one-day call rate ended at 4.10-4.15 per cent compared with 3.75-4.00 per cent at Saturday’s close for two-day loans. Call money rate was trading around 4.25-2.35 per cent earlier today. Call rate remained close to the reverse repo floor as adequate government spending kept liquidity more than ample.

CBLOs were dealt at a weighted average rate of 3.79 per cent compared with 3.65 per cent on Saturday.