Call rates end at 6.30-6.50 pc, bond prices fall in dull trading

Mumbai, Mar 13 (UNI) The call rates dropped below the repo rate closing in the range of 6.30-6.50 as compared to Friday's closing of 6.70-6.80 per cent, said a dealer in the money market.

At the one-day repo auction, Reserve Bank of India (RBI) injected Rs 2,020 crore through 8 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 170 crore through three bids received at 6.50 per cent rate.

At the one-day reverse repo auction, RBI absorbed Rs 60 crore through one bid received.

At the second one-day reverse repo-auction RBI absorbed 1,525 crores through five bids received.

In the call money market, the central bank's borrowings and lending on Friday were of Rs 218.12 crore each at weighted average rate of 6.57 per cent.

Bond prices fell today in a lack lustre trading, volumes were also thin, informed a dealer in the money market.

The actively traded 8.07 per cent 2017 bond opened at Rs104.95/99 and lost 13 paise closing at 104.82.

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