May 30, 2012 / 1:02 PM / 5 years ago

MARKET EYE-India call rate edges up, but liquidity improves

* India’s call rate rose slightly to 8.15/8.20 percent from its previous close of 8.10/8.15 percent, ahead of reserves reporting on Friday. * However, worries about liquidity eased slightly as repo borrowings from the central bank fell below 1 trillion rupees for a third straight session. * Analysts also cited signs of coming inflows from government spending, which could further help reduce cash deficit levels. * Still, the cash crunch may aggravate around mid-June when companies pay advance taxes. * Volumes in the call market stood at 127.4 billion rupees, lower than average. (subhadip.sircar@thomsonreuters.com)

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