Call rates to trade at 6.00 - 6.10 pc level

Mumbai, Sep 9: Call rates are expected to trade between 6.00-6.10 per cent amidst moderate demand and sufficient liquidity.

In the combined Liquidty auctions for the week RBI transacted between Rs 45,000 crore to 50,000 crore at the weighted average of 6.00 per cent.

RBI did not inject any money through the repo auction.

Gilts too traded at a three month high figure, though intermittent profit taking erased some gains. The gilt market is expected to closely track domestic liquidity with expected tax payments, U.S.

yields, global oil prices and the Financial meet on Sept 20 for directions in the interest rate trend.

The ten year bond (GSC G8.07 per cent 2017) traded a total volume of Rs 34,40,254.13 crore, the price ranged between Rs 95.39 - 126.84, and the yield varied between 4.94 - 8.63 per cent for the week. It is expected to remain slightly high for the next week.

UNI