Flush Funds To Keep Call Ranged

Call money rates are expected to be in a range of 6 per cent to 6.50 per cent during the week amid good liquidity condition in the market.

Dealers said there is enough liquidity in the market and it will remain so throughout the week, even though there will be Rs 6,000 crore auction as the liquidity released through the reduction in the cash reserve ratio will match it.

During the week, there will be an inflow of Rs 413.9 crore liquidity on account of coupon payment on government securities. This is minuscule compared with the ample liquidity, but will certainly add to the liquidity comfort.