Call rates trade high at 6.0 - 6.1 pc level; bonds subdued

Mumbai, July 26 (UNI) Call rates today traded higher in the range of 6.0-6.1 per cent amidst sufficient money supply in the banking system.

The trading is around the reverse repo level.

In the call money market yesterday, RBI transacted Rs 11,974.46 crore at the weighted average of 5.85 per cent.

In the first liquidity adjustment, RBI transacted Rs 27,745 crore through 26 bids at the rate of 6.0 per cent.

RBI did not inject any money through the repo auction.

Earlier, RBI had fixed the reference rate for the day at Rs 46.85/US dollar, as compared to the previous rate of Rs 46.81/USD.

Gilts opened modestly lower and traded in the same range, preparing for the fresh supplies following the expected Liquidity Adjustment Facility (LAF) rate hike at the latest policy review .

The eleven-year bond (GS 8.07 per cent 2017) traded flat at Rs 98.00 which gave a yield of 8.36 per cent.

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