Call money ends at 6.00 per cent, bond price rises by six paise

Mumbai, Mar 17 (UNI) Call money rate closed at 6.00-6.25 per cent as against the last close around 5.50-6.00 per cent on Thursday, a dealer in the money market said.

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

In the second three-day reverse repo-auction Reserve Bank of India (RBI) absorbed Rs 660 crore through four bids received at 5.50 per cent.

In the first three-day repo-auction Reserve Bank of India(RBI) injected Rs 65 crore through single bid received at 6.50 per cent.

In the second three-day repo-auction Reserve Bank of India (RBI) absorbed 4,915 crore through nine bids received at 6.50 per cent.

In the call money market operations on March 16 (Thursday), RBI had borrowings and lendings of Rs 10,193.83 crore each at the weighted average rate of 6.02 per cent.

The bond prices gained on back of softer inflation figures of 4.02 per cent for week ended on March 4 as against 4.29 per cent for the previous week, said a dealer in the money market.

The rise in US bond prices also boosted market sentiments today, added the dealer.

The actively traded 8.07 per cent 2017 bond price ended six paise up at 104.98, while the yield came down to 7.39 per cent.

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