Bonds prices close in the green; Call rate closes around 5.50 pc
Mumbai, Apr 20 (UNI) The bond prices came down due to profit booking in the afternoon but closed in the green towards the close.
Crude oil prices at an all time high of USD74.35 per barrel was a worry for the bond market.
Twelve year 2018 government paper with 7.38 per cent yield closed at Rs 100.20 with a gain of 15 paise.
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 57,705 crore through the one-day reverse repo auctions.
In the first one-day reverse repo auction, RBI absorbed Rs 28,520 crore from the money market through 36 bids received at 5.50 per cent.
In the second one-day reverse repo auction, RBI absorbed Rs 29,185 crore from the money market through 31 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 10,437.39 crore each at weighted average rate of 5.57 per cent.
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