Bonds prices rally; Call rates steady around 5.50 per cent
Mumbai, Apr 19 (UNI) The bond prices rallied today as well, after yesterday's credit policy announcements by the Reserve Bank of India(RBI), which kept the interest rates unchanged, said a dealer in the money market.
The 7.59 per cent 2016, 10-year government paper closed higher at Rs 102, while the yield dropped to 7.30 per cent from the previous close at 7.43 per cent, the dealer added.
Call Money rate closed steady near the reverse repo rate of 5.50 per cent as liquidity positions in the money market remained comfortable.
Meanwhile, RBI absorbed Rs 60,690 crore through the one-day reverse repo auctions.
In the first one-day reverse repo auction, RBI absorbed Rs 22,660 crore from the money market through 29 bids received at 5.50 per cent.
In the second one-day reverse repo auction, RBI absorbed Rs 38,030 crore from the money market through 46 bids received at 5.50 per cent.
RBI didn't inject any money in the money market through repo auctions.
In the call money market operations on April 18, RBI had borrowing and lendings worth Rs 11,929.15 crore each at weighted average rate of 5.58 per cent.
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