Call rates trade at 5.80-5.90 pc; bonds

Mumbai, July 14 (UNI) Call rates today traded flat in 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 13, RBI transacted Rs 14,974.68 crores at an average of 5.83 per cent.

In the first liquidity adjustment, RBI traded Rs 25,500 crores through 28 bids at a rate of 5.75 per cent.

In the second liquidity transaction, the amount transacted was equivalent to Rs 14,185 crore through 23 bids.

The total amount transacted through the two liquidity auctions today was 39,685 crore.

The RBI did not inject any money through the repo auction.

Earlier, the Reserve Bank had fixed the reference rate for the day at Rs 46.43/US dollar copmpared to the previous rate of Rs 46.29/US Dollar.

Gilts, however, reversed the previous day trend and made losses.

The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 97.25, which gave a yield of 8.47 per cent.

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