Call rates trade flat at 6.0-6.l0 pc level, gilts steady

Mumbai, Aug 4 (UNI) Call rates today traded flat in the range of 6.00 -6.10 per cent amidst sufficient money supply in the banking system.

Reserve Bank of India (RBI) in the call money market yesterday transacted Rs 12,003.98 crore at the weighted average of 6.07 per cent.

In the first liquidity adjustment, the apex bank transacted Rs 24,800 crore through 24 bids at the rate of 6.00 per cent.

RBI did not inject any money through the repo auction.

Today, the central bank had fixed the reference rate for the day at Rs 46.54 per US dollar as compared to the previous rate of Rs 46.72 per USD.

Gilts were steady, though cautious, during the day ahead of the two auctions on August eight. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 98.20, which gave a yield of 8.33 per cent.

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