Call rates close around 7.00 pc, bond prices fall

Mumbai, Mar 22 (UNI) Call money rates closed around 7.00 per cent compared to yesterday's rate of 7.00-7.25 per cent as demand grew in the banking system due to tax related outflows.

In the one-day repo-auction, Reserve Bank of India (RBI) injected Rs 20,635 crore through 24 bids received at 6.50 per cent.

In the one-day reverse repo-auction, the Central Bank absorbed Rs 100 crore through single bid received at 5.50 per cent.

In the call money market operations on March 21, RBI had borrowings and lendings of Rs 14,826.77 crore each at the weighted average rate of 7.03 per cent.

The bond prices were down today on account of tight liquidity conditions.

The actively traded 8.07 per cent 2017 bond price ended seven paise down at Rs 105.01 as against the last close of Rs 105.08.

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