Business Daily from THE HINDU group of publications
Wednesday, Feb 11, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Feb 11, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Short Term Instruments Call rate ends steady Mumbai, Feb. 10 Call money rate ended steady today as supply of funds was more than adequate for banks to meet their reserve needs, dealers said. One-day call rate ended at 4.05-4.10 per cent compared with Monday’s close of 4.10-4.15 per cent. CBLOs were dealt at a weighted average rate of 3.76 per cent compared with 3.69 per cent on Monday. Dealers said most public sector banks and even some private banks were on the lending side due to the surplus liquidity condition. “Deman d for funds was skewed as mostly foreign banks borrowed from the market. But majority of the banks are on supply side due to comfortable cash position,” said a dealer at a state-owned bank. — © NewsWire18 Pvt. Ltd. 2009 More Stories on : Short Term Instruments
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