Call rates traded at 5.75-5.85 pc; Bonds weak
Mumbai, July 5 (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 on June 4 transacted Rs 11,285.19 crore at an average of 5.82 per cent.
In the first Liquidity adjustment RBI traded Rs 41,765 crores through 35 bids at a rate of 5.75 per cent.
RBI did not inject any money through the repo auction.
Earlier, RBI had fixed the reference rate for the day at Rs 46.03/US Dollar compared to the previous rate of Rs 46.01/US Dollar.
Gilts slipped further today as they waited for the announcement of other auctions. 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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