Call money rate hovers around 5.50 pc, Bonds end flat

Mumbai, Apr 25 (UNI) The call money rate hovered around 5.50 per cent as liquidity surplus in the money market did not allow call rate to go up today as well.

In the call money market operations on April 24, Reserve Bank of India (RBI) had lending and borrowings worth Rs 10,835.60 crore each at the weighted average rate of 5.55 per cent.

RBI absorbed Rs 67,470 crore from the money market in the one-day reverse repo-auctions held today.

In the first one-day reverse repo-auction, Reserve Bank of India (RBI) absorbed 39,815 crore through 39 bids received at 5.50 per cent.

In the second one-day reverse repo-auction, Reserve Bank of India (RBI) injected Rs 27,655 crore through 28 bids received at 5.50 per cent.

In the one-day repo-auctions, Reserve Bank of India (RBI) did not inject any money.

The bond prices ended flat as the Rs 10,000 crore bond auction sailed through, said a dealer in the money market.

The actively traded 7.38 per cent yield 2018 bond price ended higher at Rs 100.25 up by 15 paise.

There was lack of view that kept market flat as dealers waited for fresh data on crude oil prices abd US yields.

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