Call rates trade flat at 5.5-5.6 percent, Bonds subdued
Mumbai, June 7 (UNI) Call rates today traded flat in the range of 5.5 -5.60 per cent on account of strong liquidity flow in the market.
RBI in the call money market transacted Rs 9,171.85 crore at the weighted average rate of 5.55 per cent. The total transaction by RBI in the reverse repo auction was of Rs 66,540 crore at the weighted average of 5.50 per cent.
In the first Liquidity adjustment RBI transacted Rs 31,670 crore through 31 bids. Whereas, in the second liquidity adjustment the amount transacted was Rs 34,875 crores through 41 bids.
RBI did not inject any money through the repo auction. Earlier, RBI had fixed the reference rate at 45.93/US Dollar.
Gilts, performance was subdued for the day. The eleven-year Bond (GS 8.07% 2017) traded at Rs 101.80, which gave a yield of 7.82, up by three basis points.
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