The call money rate touched its intra-day high at 9.25 per cent compared to Wednesday's rate at 10.00 per cent while in most deals the rate ranged between 6.50 per cent and 8.50 per cent, leading fund managers said.

"The demand for call money is strong as some private banks and financial institutions had higher payments and investment to the private sector. But it did not raise call money rate due to government's payments to some banks against T-bills," a fund manager of a leading market player said.