Call rates trade low at 6.50 - 6.60 pc level, bonds high

Mumbai, Oct 3 (UNI) Call rates softened during the day to close lower at 6.50-6.60 per cent, against the previous close of 7.40-7.60 per cent.

RBI in the call money market on Sept 30 transacted Rs 175 crores at the weighted average of 7.07 per cent.

In the first Liquidity adjustment RBI transacted Rs 2,755 crores through four bids at the rate of 6.00 per cent.

RBI did not inject any money through the repo auction.

Gilts opened on a positive note and traded higher supported by US treasury prices and declining crude prics. The eleven year bond (GS 8.07 per cent 2017) traded at 102.83 and gave a yield of 7.66 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.84/ US Dollar compared to the previous rate of Rs 45.96/US Dollar.

UNI VS MJ AW1846