Call rates end higher at 6.60-6.80 pc, bond prices rise
Mumbai, Mar 9 (UNI) The call rates closed almost flat closing in the range of 6.60-6.80 as compared to last close at 6.65-6.75, said a dealer in the money market.
At the one-day repo auction, Reserve Bank of India (RBI) injected Rs 5,690 crore through 14 bids received at 6.50 per cent rate, as per the data released by the apex bank.
At the second one-day repo auction, the Bank injected Rs 760 crore through five bids received at 6.50 per cent rate.
At the one-day reverse repo auction, RBI absorbed Rs 50 crore through two bids received.
In the call money market, the central bank's borrowings and lending on Wednesday were of Rs 11,017.92 crore each at weighted average rate of 6.72 per cent.
Bond prices gained today on the back of falling crude oil prices which droped to USD 60 per barrel level in the New York Mercantile Exchange(NYMEX) The actively traded 8.07 per cent 2017 bond price rose by 16 paise to Rs 105.01, while the yield closed lower by two basis points at 7.39 per cent as compared to last close at 7.41 per cent.
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