Call rates close in 5.50-5.60 pc range; bond prices close lower

By Staff
|
Google Oneindia News

Mumbai, May 17 (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 16, the Reserve Bank of India had borrowing and lendings worth Rs 11114.22 crore each on the weighted average rate of 5.56 per cent.

In the reverse repo auctions, the central bank absorbed Rs 62,885 crore through the daily auctions.

In the first one day auction in the morning, the central bank absorbed Rs 33,490 crore through 34 bids received at the rate of 5.50 per cent.

In the second one day auction in the afternoon, the central bank absorbed Rs 29,395 crore through 36 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 lower due to profit booking. The 10 year 7.59 per cent 2016 bond price closed at Rs 100.03. The yield closed at 7.58 per cent.

UNI RRP MAZ SKB2026

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