Call rates trade low at 6.0-6.10 level, bond yield low

Mumbai, Aug 30 (UNI) Call rates traded flat between 6.0 and 6.10 per cent amidst strong demand and sufficient liquidity.

On August 29 the Reserve Bank of India (RBI) transacted Rs 113,811.34 crore at the weighted average of 6.08 per cent in the call money market.

In the first liquidity adjustment, the apex bank transacted Rs 25,785 crores through 21 bids at the rate of 6.00 per cent, whereas, in the second liquidity the Reserve Bank transacted Rs 20,890 crore through 41 bids.

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

Today, RBI fixed the reference rate for the day at Rs 46.51 per US dollar as compared to the previous rate of Rs 46.52 per USD.

Gilt yields were low and the eleven year (GS 8.07 per cent 2017) bond traded at 100.62 and gave a yield of 7.98 per cent.

UNI VS MJ SKB1857