Call rates fall to 5.80-6.00 per cent: bond prices close flat
Mumbai, Mar 28 (UNI) Call money rates slipped further today to 5.80-6.00 per cent as compared to last close of 6.10-6.30 per cent as liquidity conditions eased with the tax payment related demand coming to an end.
In the one-day repo-auctions, Reserve Bank of India (RBI) didn't receive any bid today.
In the one-day reverse repo-auctions, the Central Bank absorbed Rs 1,350 crore through two bids received in the morning auction and Rs 3,395 crore through eleven bids received in the afternoon auction, both at 5.50 per cent.
In the call money market operations on March 25, RBI had borrowings and lendings worth Rs 9,806.75 crore each at the weighted average rate of 6.47 per cent.
The bond prices ended flat, however, there was decline in long-term bonds as compared to flat ending among the short term bonds.
''Market was wary of upcoming bond auctions in April,'' an analyst, said.
The actively traded 8.07 per cent 2017 bond price ended at Rs 104.68, three paise up while the yield was unchanged at 7.43 per cent.
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