The call money rate touched to its high at 9.25 per cent today from its yesterday's high at 10.25 per cent, fund managers of leading commercial banks said.

But in most deals, the rate ranged between 4.00 per cent and 9.00 per cent, they said.

Some private commercial banks and leasing companies had to borrow call money at higher rates in late hours "as they fell into liquidity crunch," fund manager of a nationalized commercial bank said.

The call money rate remained very low since long due to huge surplus liquidity in the banking system driven by low credit and thin investment, fund managers said.