Call rates end near repo rate; bonds close higher

Mumbai, May 9 (UNI) The call money rate hovered in the range of 5.50-5.60 per cent.

In the call money market operations on May 8, Reserve Bank of India (RBI) had lending and borrowings worth Rs 10,374.28 crore each at the weighted average rate of 5.57 per cent.

RBI absorbed Rs 69,375 crore through the two reverse repo actions during the day.

In the first one-day reverse repo-auction, the central bank absorbed 27,270 crore through 32 bids received at 5.50 per cent.

In the second one-day reverse repo-auction, RBI absorbed 42,105 crore through 45 bids received at 5.50 per cent.

In the one-day repo-auction, the apex bank did not inject any money.

The bond prices inched up today as crude oil prices softened further going below USD 70 per barrel at USD 69 per barrel.

The actively traded 7.38 per cent yield 2018 bond price ended 25 paise lower at Rs 99.50.

UNI RRP SSS SKB1907