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Call Money
JANUARY 31: Call rates closed at 8-8.10 per cent on Monday, lower from its weekend's close at 8.15-8.20 per cent. Opening the day at 8.10-8.15 per cent, call rates were rangebound in dull trades. "The market was quite... it is early into a new Reporting fortnight", a dealer with a European bank said. I-Sec in its report said that liquidity will be balanced in the new fortnight. "On February 1, the measures taken to ensure liquidity across Y2K event will be reversed and this will result in an outflow of about Rs 4,500 crore as vault cash becomes ineligible for cash reserve ratio purposes. However, coupon inflows of Rs 1,875 crore and government security redemption of Rs 3,000 crore during the fortnight will ensure the adequate liquidity in the system", I-Sec said. Most of the deals were struck at around 8.15 per cent levels in the morning today. "There were no significant outflows or inflows today", a dealers with a primary dealership said. FORECAST: Call rates seen at 8.05-8.10% levels on Tuesday. Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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