Call rates to remain flat, bonds likely to trade high

By Staff
|
Google Oneindia News

Mumbai, July 23 (UNI) The call rates in the money market are expected to trade in the range of 7.5 to 8.5 per cent level as the strong liquidity flow is maintained in the market.

Gilts and corporate bonds are also likely to trade high all across the curve.

RBI in totality transacted money between Rs 45000 to Rs 60,000 crores and is expected to transact anything between the same range next week too.

The forward premia for six months and one year will be between 1.1 to 2.1 per cent respectively.

The reference rate will be influenced by the global performance of the Dollar which will track the weak economic growth rate in the US. Reference Rate is like to be between Rs 46.60/USD to Rs 46.75/USD.

UNI VS MAZ AW1006

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