• search

Call rates higher at 6.70-6.90 pc, bond prices fall

Written by: Staff

Mumbai, Mar 31 (UNI) Call money rate traded higher in the range of 6.70-6.90, as compared to the previous close at 5.90-6.10 per cent.

In the first three-day repo auctions, Reserve Bank of India (RBI) injected Rs 8,470 crore through 12 bids received at 6.50 per cent rate.

In the second three-day repo auctions, RBI injected Rs 1,140 crore through five bids received at 6.50 per cent rate.

In the first three-day reverse repo auctions, the Central Bank absorbed Rs 2,305 crore through five bids received in the morning auction and Rs 3,275 crore through 10 bids received in the afternoon auction, both at 5.50 per cent.

In the call money market operations on March 29, RBI had borrowings and lendings worth Rs 11,842.48 crore each at the weighted average rate of 5.95 per cent.

The bond prices ended lower on fears of higher interest rate.

The actively traded 8.07 per cent 2017 bond price dipped sharply to Rs 103.75 while the yield jumped to 7.55 per cent.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more