Call rates to trade at 5.75-5.85 pc level, bonds to stay flat

Mumbai, July 2 (UNI) Call rates for the week hovered in the range of 5.75-5.85 per cent level, on account of strong liquidity flow in the market, and experts feel it is expected to trade at this level next week.

The yield on bonds across the curve were high. The 11 year bond (GS 8.07% 2017) traded at 99.05 with a yield of 8.21 per cent on Friday.

In the daily reverse-repo auction RBI absorbed money in the range of Rs 14,000-16,000 crores during the week. It is expected to absorb money in the range of Rs 20,000-25,000 crore in the next week.

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