Call rates trade at 5.75-5.85 pc; bonds lowest in 4 yrs

Mumbai, July 10 (UNI) Call rates today traded flat the range of 5.75-5.85 per cent on account of strong liquidity flow in the market.

In the call money market on June 8, RBI transacted Rs 936.92 crore at an average of 5.84 per cent.

In the first liquidity adjustment, RBI traded Rs 30,630 crores through 29 bids at a rate of 5.75 per cent, whereas in the second liquidity auction, it traded Rs 22,255 crores through 36 bids. Total money transacted by RBI was to the tune of Rs 52,885 crores.

RBI did not inject any money through the repo auction.

Earlier, the Reserve Bank had fixed the reference rate for the day at Rs 46.06/US dollar, as compared to the previous rate of Rs 46.12/USD.

Gilts were at their lowes level in the last four-and-a-half years. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 97.90, which gave a yield of 8.07 per cent.

UNI VS GK VKG1836