Call rates trade at 5.5-5.60 pc

Mumbai, June 5 (UNI) The call rates today traded flat in the range of 5.5-5.60 per cent on account of strong liquidy flow in the market.

RBI transacted Rs 581.60 crore at the weighted average rate of 5.55 per cent.

In the first liquidity adjustment, the central bank transacted Rs 35,550 crore through 30 bids.

Earlier, it had fixed the reference rate at 45.82 per US dollar.

Gilts opened higher after longtime.

The eleven-year bond GS 8.07 per cent 2017 traded at Rs 101.90, which gave a yield of 7.80, up by one basis point.

RBI will tomorrow auction a new five-year (9.29 per cent 2011) government bond for Rs 6000. The sale would be conducted through price-based auction using the multiple price method.

Secondly, the government will also sell a 30-year bond for Rs 4,000 crore through a yield-based auction using the uniform price method on June 6.

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