Call rates traded at 5.75-5.85 pc; Bonds extend higher

Mumbai, July 24 (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 22 transacted Rs 758.73 crore at the weighted average of 5.81 per cent.

In the first Liquidity adjustment RBI transacted Rs 23,860 crore 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 46.93 / US Dollar compared to the previous rate of Rs 46.83/US Dollar.

Gilts prices resumed their upward march but await the policy decision for interest rate directions. The eleven year Bond (GS 8.07 pc 2017) traded at Rs 98.30, which gave a yield of 8.32 per cent.

UNI VS MJ SKB1809