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Call rates trade at 6.0-6.10 level; Gilts high

Written by: Staff

Mumbai, Aug 24 (UNI) Call rates traded between 6.00 and 6.10 per cent amidst strong demand and sufficient liquidity.

Yesterday, the Reserve Bank of India transacted Rs 5172.93 crores at the weighted average of 6.09 per cent in the call money market.

In the first liquidity adjustment, RBI transacted Rs 19480 crores through 18 bids at the rate of 6.00 per cent, whereas in the second liquidity adjustment, RBI transacted Rs 11,015 crores through 21 bids.

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

Today, RBI fixed the reference rate for the day at Rs 46.50/US dollar, as compared to the previous rate of Rs 46.56/US Dollar.

Gilts traded at two month high.


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