Call rates to trade at 5.75-5.85 pc level

Mumbai, July 16 (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 subdued. The 11 year bond (GS 8.07% 2017) traded at 97.35 with a yield of 8.47 per cent on Friday.

In the daily reverse repo auction RBI absorbed money in the range of Rs 40,000-60,000 crores during the week.

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