Call Rates Closed Steady - Feb 11, 2009

Call money rate on Feb 10 closed steady as the fund supply was more than adequate for banks to meet their reserve needs, dealers said. The one-day call rate closed at 4.05-4.10 per cent as against the previous day close of 4.10-4.15 per cent. The CBLOs were dealt at a weighted average rate of 3.76 per cent as against 3.69 per cent the previous day closing on Feb 9. The dealers said that most public sector banks as well as some private banks were lending due to the surplus liquidity condition.