Call rates closes flat at 7.00-7.20 pc, bonds too close flat

Mumbai, Mar 23 (UNI) Call money rates closed flat in the range of 7.00-7.20 per cent compared to yesterday's rate of 7.00-7.25 per cent.

In the first one-day repo-auction, Reserve Bank of India (RBI) injected Rs 15,315 crore through 24 bids received at 6.50 per cent.

In the first one-day repo-auction, Reserve Bank of India (RBI) injected Rs 4,965 crore through 15 bids received at 6.50 per cent.

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

In the second one-day reverse repo-auction, the Central Bank absorbed Rs 1,240 crore through three bid received at 5.50 per cent.

In the call money market operations on March 22, RBI had borrowings worth of Rs 14,828.14 crore at the weighted average rate of 6.97 per cent and lendings of Rs 14,828.14 crore at the weighted average rate of 6.96 per cent.

The bond prices ended flat as the year end demand.

The actively traded 8.07 per cent 2017 bond price ended three paise higher at Rs 105.03 as against the last close of Rs 105.01.

UNI RRP MJ SKB1840