Call rates trade steady at 6.40 - 6.50 pc level, bonds subdued

Mumbai, Oct 6 (UNI) Call rates closed flat at 6.40-6.50 per cent level as compared to the previous close.

RBI in the call money market on Oct five transacted Rs 17,411.17 crore at the weighted average of 6.43 per cent.

In the first Liquidity adjustment RBI transacted Rs 16,995 crore through seven bids at the rate of 6.00 per cent, whereas in the second liquidity auction RBI transacted Rs 12,075 crore through 13 bids.

However, RBI did not inject any money through the repo auction.

Gilts opened subdued tracking weak US treasuries and continued to remain the same. The eleven year bond (GS 8.07 per cent 2017) traded low at 102.97 and gave a yield of 7.64 per cent.

Today, RBI had fixed the reference rate for the day at Rs 45.61/ US Dollar compared to the previous rate of Rs 45.71/US Dollar.

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