Call rates traded at 5.75-5.85 pc; Bonds rally high

Mumbai, July 20 (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 19 transacted Rs 11,642.17 crore at the weighted average of 5.83 per cent.

In the first Liquidity adjustment, RBI transacted Rs 25,465 crore through 29 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 46.84 / US Dollar compared to the previous rate of Rs 46.95/US Dollar.

Gilts rallied high after Ben Bernanke's statements related to no further hike in the interest rates. The eleven year Bond (GS 8.07 per cent 2017) traded at Rs 97.90, which gave a yield of 8.37 per cent.

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