Call rates trade high at 6.25 - 6.60 pc level, bonds high

Mumbai, Sep 19 (UNI) Call rates today traded high between 6.25-6.60 per cent amidst sufficient demand and liquidity flow.

RBI in the call money market yesterday transacted Rs 17,338.62 crore at the weighted average of 6.36 per cent.

In the first Liquidity adjustment RBI transacted Rs 1,225 crore through seven bids at the rate of 6.00 per cent, whereas, in the second liquidity auction the amount transacted was to the tune of Rs 2,900 crore through nine bids.

RBI did not inject any money through the repo auction.

Gilts shed their early losses on positive signals from the Finance Minister regarding RBI holding rates in the October policy review. The security (GS 8.07 per cent 2017) traded at 101.98 and gave a yield of 7.78 per cent.

Today, RBI had fixed the reference rate for the day at Rs 46.11/ USD compared to the previous rate of Rs 46.12/USD.

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