Call rates trade flat at 6.40-6.50 pc level, bonds high

Mumbai, Sep 27 (UNI) Call rates today traded flat between 6.40-6.50 per cent amidst moderate demand and sufficient liquidity.

The Reserve Bank of India (RBI) in the call money market on September 26 transacted Rs 20,448.70 crore at the weighted average of 6.46 per cent.

In the first liquidity adjustment, RBI transacted Rs 5,625 crore through four bids at the rate of 6.00 per cent.

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

Gilts opened on a slightly higher side but the overnight rise in US yields induced some caution and restricted some gains. The 11-year bond (GS 8.07 per cent 2017) traded at 102.96 and gave a yield of 7.65 per cent.

Today, the apex bank had fixed the reference rate for the day at Rs 45.92 per US dollar as compared to the previous rate of Rs 45.97 per USD.

UNI VS SSS AW1758