Rates firmed up at the overnight call money market here on Monday on good demand from borrowing banks. The rate finished higher at 8.15 per cent from last Friday’s closing level of eight per cent. It moved in a range of 8.4 per cent and 8.1 per cent.
Meanwhile, the Reserve Bank of India in on Monday’s mid-quarter monetary policy review kept the key interest rates, repo and cash reserve ratio unchanged on rising inflation. The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 99,990 crore from 36 bids at the one-day repo auction, at a fixed rate of eight per cent.
