Call rates higher at 5.90-6.10 pc, Bond prices fall sharply

Mumbai, Mar 29 (UNI) Call money rate ended higher at 5.90-6.10 per cent as compared to last close of 5.80-6.00 per cent.

In the one-day repo-auctions, Reserve Bank of India (RBI) injected Rs 6,000 crore through two bids received in the afternoon auction.

In the one-day reverse repo-auctions, the Central Bank absorbed Rs 55 crore through one bid received in the morning auction and Rs 3,600 crore through ten bids received in the afternoon auction, both at 5.50 per cent.

In the call money market operations on March 28, RBI had borrowings and lendings worth Rs 11,553.58 crore each at the weighted average rate of 6.06 per cent.

The bond prices ended lower induced by the hike in the US Fed.

rates to 4.75 per cent by 25 basis points.

The actively traded 8.07 per cent 2017 bond price ended at Rs 104.23, 45 paise lower while the yield jumped to 7.49 per cent.

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