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

Written by: Staff
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Mumbai, Aug 8 (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 12,862.54 crore at the weighted average of 6.08 per cent in the call money market on August seven.

In the first liquidity adjustment, the apex bank transacted Rs 14,670 crore through 28 bids at the rate of 6.00 per cent.

In the second liquidity, the RBI transacted Rs 30,280 crore through 26 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 46.59 per US dollar as compared to the previous rate of Rs 46.49 per USD.

Gilts were choppy today. The eleven-year bond (GS 8.07 per cent 2017) traded at Rs 98.35, which gave a yield of 8.31 per cent.

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