Call rates close low at 6.30-6.40, bonds high

Mumbai, Sep 21 (UNI) Call rates today traded low between 6.30-6.40 per cent, which is 30 basis points less than the previous close, amidst sufficient demand and liquidity flow.

RBI in the call money market on September 20 transacted Rs 15,201.50 crore at the weighted average of 6.64 per cent.

In the first Liquidity adjustment RBI transacted Rs 5485 crore through six bids at the rate of 6.00 per cent.

RBI did not inject any money through the repo auction.

Gilts traded high on the back of steady fed rate and the declining crude oil price. The security (GS 8.07 per cent 2017) traded at 102.32 and gave a yield of 7.73 per cent.

RBI had fixed the reference rate for the day at Rs 45.88/ USD compared to the previous rate of Rs 46.05/USD.

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