Call rates traded flat at 5.75-5.85 pc; Bonds high
Mumbai, June 29 (UNI) Call rates today traded steady 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 on June 28 transacted Rs 12,796.93 crore at the weighted average of 5.82 per cent.
In the first liquidity adjustment, RBI transacted Rs 22,180 crore through 23 bids at the rate of 5.75 per cent.
In the second liquidity adjustment, RBI transacted Rs 22,115 crore through 35 bids at the rate of 5.75 per cent.
Total amount transacted today by RBI is equivlaent to Rs 44,295 crore.
RBI did not inject any money through the repo auction.
Earlier, RBI had fixed the reference rate for the day at Rs 46.34/US Dollar compared to the previous rate of Rs 46.36/US Dollar.
Gilts opened higher and stayed that way for the day. The eleven year Bond (GS 8.07% 2017) traded at Rs 98.90, which gave a yield of 8.23 per cent.
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