Call rates traded at 5.75-5.85 pc

Mumbai, July 19 (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.

RBI in the call money market on July 18 transacted Rs 12,678.80 crore at the weighted average of 5.83 per cent.

In the first Liquidity adjustment, RBI transacted Rs 28,875 crores through 24 bids at the 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 46.95/USD compared to the previous rate of Rs 46.73/USD.

Gilts today also traded high, though the experts feel this appreciation is only temporary. The eleven year Bond (GS 8.07 per cent 2017) traded at Rs 97.55, which gave a yield of 8.43 per cent.

Corporate bond yields too rose by two basis points all across the curve.

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