Call rates end higher

Call money rates ended higher at the overnight market here on Monday owing to good demand from borrowing banks. The rates finished higher at 8.70 per cent from 8.05 per cent last Thursday. It moved in a range of 8.80 per cent and 8.65 per cent.

The Reserve Bank of India under the Liquidity Adjustment Facility purchased securities worth Rs 41,093 crore in 65 bids at the one-day repo auction at a fixed rate of 7.75 per cent, while it sold securities worth Rs 4 crore from one bid at the one-day reverse repo auction at a fixed rate of 6.75 per cent.