Call rates end at 5.55-5.65 per cent, bond prices close flat

Mumbai, Apr 13 (UNI) Call rates closed lower in the range of 5.55-5.65 per cent as liquidity condtions improved further.

cent as the liquidity problems seemed to be getting over.

Meanwhile, Reserve Bank of India (RBI) absorbed as huge Rs 57,150 crore from the money market ahead of the three day holiday starting tomorrow.

The RBI absorbed Rs 26,075 crore through 31 bids in the first four day reverse-repo auctions from the money market, while it did not inject any money in the market.

In the second four-day reverse repo-auction, RBI absorbed Rs 30,975 crore through 50 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 9,386.06 crore each at weighted average rate of 5.55 per cent.

The bond prices ended flat.

The actively traded 8.07 per cent 2017 bond price ended at 103.32 , while the yield closed at 7.61 per cent.

UNI RRP PP SKB1912