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Call rates likely to be at 6.50-7.00 pc, Bonds to be subdued

Written by: Staff

Mumbai, Mar 5 (UNI) The call rates neared the repo rate of 6.50 per cent during the week, as the liquidity conditions eased further.

Call rates were expected to trade in the range of 6.50-7.00 per cent in near terms, said an analyst.

The bond market was expected to be very dull next week unless some information on government borrowing was available, said a dealer in the money market.

Bond prices on Friday came off on sharp rise in the inflation rate, which rose to 4.34 per cent for the week ended on Feb 18 from 4.02 per cent previously.

''Higher global oil prices, firmer US yields and speculations over the details of a potential government borrowing in March also kept market weak,'' said an analyst.

The yield on the 8.07 per cent 2017 shot up to 7.44 per cent from its previous close of 7.41 per cent.


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