Call rates trade at 5.80-5.90 pc; bonds higher

Mumbai, July 13 (UNI) Call rates today traded higher in the range of 5.80-5.90 per cent on account of not so strong liquidity flow in the market.

In the call money market on June 12, RBI transacted Rs 15,519.66 crores at an average of 5.85 per cent.

In the first liquidity adjustment, RBI traded Rs 31,685 crores through 30 bids at a rate of 5.75 per cent.

RBI did not inject any money through the repo auction.

Earlier, the Reserve Bank had fixed the reference rate for the day at Rs 46.29/US dollar.

Gilts also traded high today. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 97.15, which gave a yield of 8.48 per cent.

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