Call rates trade flat at 6.0-6.1 pc level; Bonds high

Mumbai, July 31 (UNI) Call rates today traded flat in the range of 6.00-6.10 per cent amidst sufficient money supply in the banking system.

RBI in the call money market on July 29 transacted Rs 253.50 crore at the weighted average of 5.85 per cent.

In the first Liquidity adjustment RBI transacted Rs 23,285 crore through 20 bids at the rate of 6.00 per cent.

In the second auction RBI transacted Rs 21,385 crore at the rate of six per cent.

RBI did not inject any money through the repo auction.

Today, RBI had fixed the reference rate for the day at Rs 46.51/ US Dollar compared to the previous rate of Rs 46.56/US Dollar.

Gilts however today traded high. The eleven year Bond (GS 8.07% 2017) was at Rs 98.35 which gave a yield of 8.31 per cent.

UNI VS MJ AW1824