Call money rate drop to 6.00-6.10 per cent, Bonds end lower

Mumbai, Mar 14 (UNI) The call money rate dropped further closing in the range of 6.00-6.10 per cent as against the last close at 6.30-6.50 per cent.

In the first two-day repo-auction Reserve Bank of India (RBI) injected Rs 250 crore through single bid received at 6.50 per cent.

In the second two-day repo-auction Reserve Bank of India (RBI) injected Rs 975 crore through single bid received at 6.50 per cent.

In the first two-day reverse repo-auction Reserve Bank of India(RBI) absorbed Rs 170 crore through three bids received at 5.50 per cent.

In the second two-day reverse repo-auction Reserve Bank of India(RBI) absorbed 4,615 crore through 15 bids received at 5.50 per cent.

In the call money market operations on March 13, RBI had borrowings and lendings of Rs 11,666.76 crore each at the weighted average rate of 6.62 per cent.

The bond prices ended almost flat with a negative bias.

''Bond prices moved fractionally lower as liquidity fears and interest rate worries led to negative sentiments,'' said an analyst.

The actively traded 8.07 per cent 2017 bond price ended slightly lower at 104.80, while the yield was at 7.42 per cent.

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