• search

Call rates close at 5.50-60 pc; bond prices fall sharply

Written by: Staff

Mumbai, May 15 (UNI) The call money rate closed in the range of 5.50 to 5.60 per cent on the back of enough liquidity in the money market.

In the call money market operations on May 12, the Reserve Bank of India had borrowing and lendings worth Rs 2956.73 crore each on the weighted average rate of 5.55 per cent.

In the reverse repo auctions, the central bank absorbed Rs 51,246 crore through the daily auctions.

In the first three day auction in the morning, the central bank absorbed Rs 31,980 crore through 30 bids received at the rate of 5.50 per cent.

In the second one day auction in the afternoon, the central bank absorbed Rs 19,265 crore through 30 bids received at the rate of 5.50 per cent.

The central bank did not inject any money in the market through repo auctions.

Bond prices fell sharply on the back of fall in the global commodity market and stock markets.

The ten year 7.59 per cent 2016 bond price fell by 32 paise to Rs 99.98. The yield went up by five basis point to 7.59 per cent, said a dealer in the bond market.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more