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Call rates hover around repo rate, Bond prices end lower

Written by: Staff
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Mumbai, May 4 (UNI) The call money rate hovered in the range of 5.50-5.60 per cent.

In the call money market operations on May 3, Reserve Bank of India (RBI) had lending and borrowings worth Rs 13,207.11 crore each at the weighted average rate of 5.58 per cent.

RBI absorbed Rs 72,000 crore through the two reverse repo actions during the day.

In the first one-day reverse repo-auction, Reserve Bank of India (RBI) absorbed 41,060 crore through 33 bids received at 5.50 per cent.

In the second one-day reverse repo-auction, Reserve Bank of India (RBI) absorbed 30,,940 crore through 31 bids received at 5.50 per cent.

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

The bond prices ended lower today as crude oil prices were quoted around USD 71-72 per barrel.

The actively traded 7.38 per cent yield 2018 bond price ended five paise lower at Rs 99.70.

UNI RRP KU SKB1912

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