Easy Trend Continues

OCTOBER, the last month of the slack season, usually witnesses a slightly higher demand for bank credit. This October too, the demand has risen, but the impact of the rise has not been felt by the inter-bank call money market. Most banks have a sizable liquid position, thanks to the rapid growth of deposits during the current slack season. The easy trend continues in the interbank call money market in Bombay where the call rate has been maintained at 4 per cent, with stray deals taking place at 3.50 per cent.