Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 217 Sun. January 04, 2004  
   
Business


Call money rate steady


The inter-bank money shot up to its high at 9 per cent yesterday as some banks experienced liquidity problems, fund managers said.

The call money rate touched its intra-day high at 9 per cent and in most deals ranged between 6 per cent and 8.50 per cent, they said.

The demand for call money rose at the end of last week due to, what fund managers said, higher government's borrowing from banking system through treasury bills.