Committed to PEOPLE'S RIGHT TO KNOW
Vol. 4 Num 175 Wed. November 19, 2003  
   
Business


Demand for call money strong


The demand for call money was strong yesterday as some private banks faced pressure on their liquidity, fund managers said.

The rate touched to its inter-high high at 10.25 percent and in most deals, ranged between 4.00 percent and 9.50 percent, fund managers of leading commercial banks said.

The call money rate remained very low since long in line with the central bank's monetary policy to force banks to cut their interest rates.