Call rates trade high at 6.0-6.1 pc level, Bonds trade higher

Mumbai, July 27 (UNI) Call rates today traded higher in the range of 6.0-6.1 per cent amid sufficient money supply in the banking system.

This trading is around the reverse repo level.

RBI in the call money market on July 26 transacted Rs 10,988.14 crore at the weighted average of 6.06 per cent.

In the first liquidity adjustment, the apex bank transacted Rs 27,275 crore through 23 bids at the rate of 6.00 per cent.

In the second liquidity adjustment, RBI transacted Rs 17,560 crore through 36 bids at the rate of 6.00 per cent.

The central bank did not inject any money through the repo auction.

Today, RBI had fixed the reference rate for the day at Rs 46.64 per US dollar as compared to the previous rate of Rs 46.85 per USD.

Gilts finished slightly firm despite higher cut-off yield at the auction. The 11-year bond (GS 8.07 per cent 2017) traded at Rs 98.22 which gave a yield of 8.33 per cent.

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