Call rates traded at 5.75-5.85 pc; bond yield rises
Mumbai June 9 (UNI) Call rates today traded in the range of 5.75 -5.85 per cent on account of strong liquidity flow in the market.
RBI in the call money market transacted Rs 8,639.86 crore at the weighted average of 5.5 per cent.
In the first liquidity adjustment, RBI transacted Rs 26,675 crore through 26 bids at the rate of 5.75 per cent.
RBI did not inject any money through the repo auction.
Earlier, RBI had fixed the reference rate for today at Rs 45.92/US dollar.
Gilt yield rose sharply across all the curves. The eleven year bond (GS 8.07 per cent 2017) traded at Rs 100.70, which gave an increased yield of 7.97, up by 5 per cent from the previous yield of 7.82.
UNI VS GK AG1752
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Story first published: Saturday, June 10, 2006, 14:39 [IST]