Call rates end at 6.70-6.80 pc, bond prices fall
Mumbai, Mar 10 (UNI) The call rates closed almost flat closing in the range of 6.70-6.80 per cent as compared to last close at 6.60-6.80 per cent, said a dealer in the money market.
At the three-day repo auction, Reserve Bank of India (RBI) injected Rs 6,790 crore through 16 bids received at 6.50 per cent rate, as per the data released by the apex bank.
At the second three-day repo auction, the bank injected Rs 1,125 crore through four bids received at 6.50 per cent rate.
At the one-day reverse repo auction, RBI absorbed Rs 935 crore through three bids received.
In the call money market, the central bank's borrowings and lending on Thursday were of Rs 10,778.51 crore each at weighted average rate of 6.67 per cent.
Bond prices fell today, on the back of almost stable inflation figures for the week ended on Februray 25 at 4.29 per cent as compared to 4.34 per cent during the previous week and strong industrial production growth data of 8.3 per cent for January.
The actively traded 8.07 per cent 2017 bond price fell by 16 paise to Rs 104.85, while the yield closed higher by two basis points at 7.41 per cent as compared to last close at 7.39 per cent.
UNI RRP MJ SKB1902