Call rates expected to trade between 6.05 to 6.25 pc

Mumbai, Aug 27 (UNI) The call rates in the money market are expected to trade in the range of 6.05 to 6.15 per cent, on account of strong demand and liquidity flow in the market.

RBI in totality transacted money between Rs 30,000 to Rs 40,000 crore and is expected to transact anything between the same ranges next week too.

On the basis of this weeks' performance, it can be judged that forward premia for six months and one year will be fixed little higher in the range of 1.45 and 1.30 per cent, respectively.

Gilts this week were at two months high and are expected to continue their current trend as the stocks market is expected to firm up.

The reference rate will be influenced by the global performance of the Dollar, which has firmed up compared to the Asian currencies.

Reference Rate is likely to be between Rs 46.50/US Dollar to Rs 46.70/US Dollar.

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