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CALL RATES END AT 6.25% (tightened liquidity conditions in the system, war fears sharply drive bond prices lower).
(From India Business Insight)
Call money rates opened around 6.00-6.20 percent, traded in a range of 6.10-6.25 percent and closed around 6.10-6.25 percent at the overnight call money market on 31 Jan 2003.
There were tightened liquidity conditions in the system, owing to which call rates moved higher. Reserve Bank of India accepted five applications for a total amount of Rs1,560 crore at the three-day repo auction at a ...
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