Call rates end steady, Bond prices fall as crude oil price rises
Mumbai, May 2 (UNI) The call money rate hovered around 5.50 per cent as liquidity surplus in the money market continued.
RBI absorbed Rs 57,660 crore from the money market in the one-day reverse repo-auctions held today.
In the call money market operations on April 28, Reserve Bank of India (RBI) had lending and borrowings worth Rs 473.18 crore each at the weighted average rate of 5.57 per cent.
In the first one-day reverse repo-auction, Reserve Bank of India (RBI) absorbed 16,735 crore through 22 bids received at 5.50 per cent.
In the second one-day reverse repo-auction, Reserve Bank of India (RBI) injected Rs 40,825 crore through 31 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 lower today as the commodity price continued to go up.
The crude oil prices rose again today above USD 74 per barrel in the New York Mercantile Exchange (NYMEX).
The actively traded 7.38 per cent yield 2018 bond price ended 50 paise lower at Rs 99.50.
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