Call money rate hovers around 5.50 pc, bond prices close flat

Mumbai, Apr 28 (UNI) The call money rate hovered around 5.50 per cent as liquidity surplus in the money market continued.

RBI absorbed Rs 47,805 crore from the money market in the one-day reverse repo-auctions held today.

In the call money market operations on April 27, Reserve Bank of India (RBI) had lending and borrowings worth Rs 9,799.53 crore each at the weighted average rate of 5.55 per cent.

In the first one-day reverse repo-auction, Reserve Bank of India (RBI) absorbed 20,795 crore through 26 bids received at 5.50 per cent.

In the second one-day reverse repo-auction, Reserve Bank of India (RBI) injected Rs 27,010 crore through 37 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 today US Federal Reserve Chief Ben Benarke indicated toward no further hike in the interest rates for the time being.

The crude oil prices softened further today to USD 70-71 per barrel in the New York Mercantile Exchange (NYMEX).

The actively traded 7.38 per cent yield 2018 bond price ended unchanged at Rs 100.00.

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