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Call rates to firm up; Bonds prices to be in the range

Written by: Staff
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Mumbai, Mar 12 (UNI) The call rates traded just above the repo rate of 6.50 per cent and below 7.00 per cent mark during the week.

On Friday the call rates closed in the range of 6.70-6.80 per cent higher from the last week's close at 6.50-6.70 per cent.

''Call rates are likely to trade firm on concerns over money market liquidity,'' said an analyst.

Bond markets were expected to be range bound next week with the global interest rates on the rise.

Bond prices closed weaker on Friday after some rise in the early part of the week.

The Reserve Bank of India governor Y.V. Reddy's remark that Indian financial markets were still to factor in global risks, dampened market sentiments.

The 8.07 per cent 2017 bond closed weaker by 16 paise at Rs 104.85 while the yield was at 7.41 per cent.

UNI RRP MJ AG1444

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