Call rates traded at 5.75-5.85 pc; bonds subdued
Mumbai June 13 (UNI) Call rates today traded in the range of 5.75-5.85 per cent amidst abundant cash surpluses with the banking system. The fund requirements to meet the mandatory cash reserve targets remained low.
Call rates are expected to stay close to the reverse repo levels on robust systemic liquidity.
Gilt were largely subdued. The eleven year bond (GS 8.07% 2017) traded at Rs 101.25 which gave an increased yield of 7.89, which is up by two per cent from the previous yield of 7.87.
UNI AR PM AW1831