Call rates end flat at 6.90-7.00 pc, bond prices fall
Mumbai, Feb 22 (UNI) The call rates ended almost flat in the range of 6.90-7.00 per cent, as compared to yesterday's close at 6.80-7.00 per cent.
At the one-day repo auction, the Reserve Bank of India injected Rs 14,525 crore through 28 bids received at 6.50 per cent rate, as per the data released by the apex bank.
In the second one-day repo auction, RBI injected Rs 3,455 crore through nine bids received.
The central bank absorbed Rs 50 crore through two bids received in one-day reverse repo auction at the rate of 5.50 per cent.
In the call money market, RBI's borrowings were of 9,562.33 crore and lendings were worth Rs 9,561.32 crore yesterday at weighted average rate of 7.00 per cent.
''The bonds ended lower today on pre-budget concerns amidst poor trading,'' an analyst said.
The 8.07 per cent 2017 bond ended 18 paise down at Rs 105.38 and the yield went up by three basis point to 7.34 per cent.
The 7.37 per cent 2014 bond ended lower by 20 paise at Rs 100.45, while the yield was up by five basis point to 7.29 per cent.
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