Call rates trade at 6.0-6.1 pc level, Gilts slip

Mumbai, Aug 7 (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) transacted Rs 1,038.06 crore at the weighted average of 6.05 per cent in the call money market on August 5.

In the first liquidity adjustment, the apex bank transacted Rs 28,735 crore through 23 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 46.49 per US dollar as compared to the previous rate of Rs 46.54 per USD.

Gilts slipped today and gains on the yield were limited due to forthcoming government auctions on August eight. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 98.30, which gave a yield of 8.32 per cent.

UNI VS SSS AW1749