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Call rates and bond prices close lower

Written by: Staff
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Mumbai, Apr 7 (UNI) Call rates closed lower in the range of 5.50-5.70 per cent as compared to the last close of 5.60-5.80 per cent as the liquidity problems seemed to be getting over.

The Reserve Bank of India (RBI) absorbed Rs 32,715 crore through daily reverse-repo auctions from the money market, while it did not inject any money in the market.

In the first three-day reverse repo-auction, RBI absorbed Rs 6,020 crore through 13 bids received at 5.50 per cent.

In the second three-day reverse repo-auction, RBI absorbed 26,695 crore through 37 bids received at 5.50 per cent.

RBI didn't inject any money in the market through repo auctions.

In the call money market operations, RBI had borrowing and lendings worth Rs 10,592.87 crore each at weighted average rate of 5.66 per cent.

The bond prices ended lower.

The actively traded 8.07 per cent 2017 bond price ended lower by 12 paise at Rs 103.80, while the yield went up two basis point to 7.55 per cent.

UNI RRP KU SKB1926

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