Call rates in the range of 5.50-60 pc; bond prices in the range

Mumbai, May 16 (UNI) The call money rate closed in the range of 5.50 to 5.60 per cent as comfortable liquidity situation prevailed in the money market.

In the call money market operations on May 15, the Reserve Bank of India had borrowing and lendings worth Rs 12,684.37 crore each on the weighted average rate of 5.57 per cent.

In the reverse repo auctions, the central bank absorbed Rs 53,155 crore through the daily auctions.

In the First one day auction in the morning, the central bank absorbed Rs 29,375 crore through 31 bids received at the rate of 5.50 per cent.

In the second one day auction in the afternoon, the central bank absorbed Rs 23,780 crore through 35 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 closed in the range backed by a fall in US treasury yields.

The 11 year 8.07 per cent 2017 bond price closed at Rs 102.90. The yield closed at 7.66 per cent.

UNI RRP PM SKB1903