Comitted to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 158 Sun. November 02, 2003  
   
Business


Call money rate low


The inter-bank call money rate was very low yesterday as most banks had surplus funds, fund managers said.

The call money rate touched its low at 3.50 per cent while it rose to its intra-day high at 5.50 per cent, they said.

A few banks and leasing companies were active in the call money market while most big banks were anxiously waiting to invest their surplus funds, fund managers said.