Call rates trade at 5.75-5.85 pc, bonds extend higher

Mumbai, July 21 (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.

Reserve Bank of India in the call money market on July 19 transacted Rs 9,576.33 crore at the weighted average of 5.82 per cent.

In the first liquidity adjustment, RBI transacted Rs 22,055 crore through 24 bids at the rate of 5.75 per cent. The apex bank did not inject any money through the repo auction.

Earlier, RBI had fixed the reference rate for the day at Rs 46.83 against a US dollar, as compared to the previous rate of Rs 46.84 per USD.

Gilts extended higher today. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 98.25, which gave a yield of 8.32 per cent.

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