Call rates close below 7.00 per cent, bonds close higher

Mumbai, Mar 24 (UNI) Call money rates closed at lower than 7.00 per cent rate as liquidity crisis seemed to be getting better.

In the first three-day repo-auction, Reserve Bank of India (RBI) injected Rs 11,645 crore through 18 bids received at 6.50 per cent.

In the second three-day repo-auction, Reserve Bank of India (RBI) injected Rs 1,605 crore through seven bids received at 6.50 per cent.

In the first three-day reverse repo-auction, the Central Bank absorbed Rs 70 crore through single bid received at 5.50 per cent.

In the second one-day reverse repo-auction, the Central Bank absorbed Rs 1,385 crore through four bids received at 5.50 per cent.

In the call money market operations on March 23, RBI had borrowings worth Rs 11,542.17 crore at the weighted average rate of 6.90 per cent and lendings of Rs 11,542.17 crore at the weighted average rate of 6.89 per cent.

The bond prices ended slightly higher.

The actively traded 8.07 per cent 2017 bond price ended at Rs 105.02 while the yield closed at 7.39 per cent.

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