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

Mumbai, Oct 4 (UNI) Call rates declined by ten basis points and traded between 6.40-6.50 per cent, against the previous close of 6.50-6.60 per cent.

RBI in the call money market on Oct 3 transacted Rs 19,648.60 crores at the weighted average of 6.56 per cent.

In the first Liquidity adjustment RBI transacted Rs 8,295 crores through six bids at the rate of 6.00 per cent.

RBI did not inject any money through the repo auction.

Gilts resumed there upward march buoyed by drop in global crude oil prices. The eleven year bond (GS8.07 per cent 2017) traded at 102.99 and gave a yield of 7.64 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.69/ US Dollar compared to the previous rate of Rs 45.84/US Dollar.

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