UPDATE-Indian call rate ends down on low demand

(Updates closing rate in second paragraph, CCIL data in fifth and sixth paragraph)

MUMBAI, May 20 (Reuters) - Indian overnight cash rates ended down on Tuesday as banks had already completed their borrowing for the current reporting period in the last week, dealers said.

Call rates <INROND=> ended at 6.00/6.10 percent, off an intraday high of 6.50 percent and barely moved from Friday's close of 6.00/6.25 percent. Markets were closed on Monday for a holiday.

"People had covered their positions on Friday itself and hence there was not much demand for funds," a dealer with a state-run bank said.

Banks have to report their cash balances to the Reserve Bank of India every two weeks and the current reporting period ends on Friday.

The weighted average rate in the call money market was 6.36 percent, while collateralised borrowing and lending obligations (CBLO), a secured form of money market lending was 5.81 percent, according to the Clearing Corp of India (CCIL).

Volume in the call money market was 77.70 billion rupees and in CBLO it was 387.91 billion rupees, CCIL said.

The central bank absorbed 231.75 billion rupees at its daily reverse repo auction on Tuesday, much more than 10.65 billion on Friday, indicating ample cash in the system.

The central bank raised the cash reserve ratio (CRR), the amount of deposits banks have to keep with it to 8.25 percent at its policy review on April 29 and the rise which is expected to drain 90 billion rupees from the banking system takes effect from Saturday.

Dealers expect call rates to stay at current levels this week and expect them to rise to 7-7.50 percent levels after Saturday. (Reporting by Swati Bhat; Editing by Ramya Venugopal)