Call rates trade high at 6.40-6.60 pc

Mumbai, Sep 22 (UNI) Call rates today traded high between 6.40-6.60 per cent, which was 30 basis points higher than the previous close.

RBI, in the call money market yesterday, transacted Rs 16758.14 crore at the weighted average of 6.49 per cent.

In the first Liquidity adjustment, RBI transacted Rs 5735 crore through five bids at the rate of 6.00 per cent, whereas, in the second liquidy adjustment, RBI transacted Rs 8820 crore through nine bids. RBI did not inject any money through the repo auction.

Gilts traded high and the bond (GS 8.07 per cent 2017) traded at 102.80 and gave a yield of 7.67 per cent.

RBI had fixed the reference rate for the day at Rs 45.94/USD compared to the previous rate of Rs 45.88/USD.

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