Call rates close lower at 6.10-6.30 per cent, bonds lose sharply

Mumbai, Mar 27 (UNI) Call money rates closed lower at 6.10-6.30 per cent as liquidity seemed to be getting better.

In the first one-day repo-auction, Reserve Bank of India (RBI) injected Rs 2,920 crore through eight bids received at 6.50 per cent.

In the second one-day repo-auction, Reserve Bank of India (RBI) injected Rs 500 crore through single bid received at 6.50 per cent.

In the one-day reverse repo-auction, the Central Bank absorbed Rs 1,575 crore through five bids received at 5.50 per cent.

In the call money market operations on March 25, RBI had borrowings and lendings worth Rs 659.79 crore each at the weighted average rate of 6.48 per cent.

The bond prices lost sharply as RBI Deputy Governor Rakesh Mohan today indicated towards no further cut in the credit reserve ratio (CRR).

The actively traded 8.07 per cent 2017 bond price ended at Rs 104.65, around 35 paise lower while the yield closed up at 7.43 per cent.

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